Question
A table contains data on the number of doses of an antihistamine sold per month in a small town. To sell 196 doses to customers,
A table contains data on the number of doses of an antihistamine sold per month in a small town.
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 but 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?
Demand Supply $10 Price 185 208 $9 187 205 S8 188 202 S7 190 199 S6 191 196 $5 193 193 $4 194 190 S3 196 187 S2 197 184 $1 199 181
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