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10.3 The table contains data on the number of does of an antihistamine sold per month in a small town. Price Demand Supply $10 185

10.3 The table contains data on the number of does of an antihistamine sold per month in a small town.

Price

Demand

Supply

$10

185

208

$9

187

205

$8

188

202

$7

190

199

$6

191

196

$5

193

193

$4

194

190

$3

196

187

$2

197

184

$1

199

181

a. To sell 196 doses to customers, what will the price need to be?

b. For stores to be willing to sell 196 doses, what will the price need to be?

c. How many doses will customers want to buy if the price is $2?

d. How many doses will suppliers want to sell if the price is $2?

e. Is there excess supply or excess demand at $2?

f. What is the equilibrium price? How can you tell?

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