9. Youre given the following demand and supply tables: (LO4-3) a. Draw the market demand and market...
Question:
9. You’re given the following demand and supply tables: (LO4-3)
a. Draw the market demand and market supply curves.
b. What is excess supply/demand at price $30? Price $60?
c. Label equilibrium price and quantity.
Transcribed Image Text:
P $30 40 50 15 10 60 52505 D Demand D 5300 D3 10 7 5 0 Supply P S S S3 $30 0 4 11 40 0 8 17 50 60 10 10 12 18 10 15 20
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