1.4. Detemune the equilibrium quantity and price without drawing a graph. Price of Good X $22 $25...

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1.4. Detemune the equilibrium quantity and price without drawing a graph.

Price of Good X

$22

$25

$30

$32 Quantity Supplied 100 115 130 150 170 Quantity Demanded 225 200 175 150 110 What is the equilibrium price and quantity?

$40 Equilibrium: How Supply and Demand Determine Prices • CHAPTER 4 • 63

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Modern Principles Microeconomics

ISBN: 9781429239998

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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