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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Related Book For
Modern Principles Microeconomics
ISBN: 9781429239998
2nd Edition
Authors: Tyler Cowen, Alex Tabarrok
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