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Consumers will buy 1000 widgets at a price of $60 per widget; they will buy 2500 widgets at a price of $30 per widget. Producers
Consumers will buy 1000 widgets at a price of $60 per widget; they will buy 2500 widgets at a price of $30 per widget. Producers will make 2500 widgets available at a price of $90 per widget and will make 2000 widgets available at $40 per widget.
Consumers will buy 1000 widgets at a price of $60 per widget; they will buy 2500 widgets at a price of $30 per widget. Producers will make 2500 widgets available at a price of $90 per widget and will make 2000 widgets available at $40 per widget. 14. Find the demand function. 15. Find the supply function. 16-17. Find the number of items needed to clear the market, and the price at which the market clears. 16. items 17. Price
Consumers will buy 1000 widgets at a price of $60 per widget; they will buy 2500 widgets at a price of $30 per widget. Producers will make 2500 widgets available at a price of $90 per widget and will make 2000 widgets available at $40 per widget.
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