Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

17. The above table gives the demand and supply schedules for Blu-ray discs. Based on the table, the equilibrium quantity and price of a

 

17. The above table gives the demand and supply schedules for Blu-ray discs. Based on the table, the equilibrium quantity and price of a Blu-ray discs is: 16,000 and $16 O 20,000 and S20 16,000 and S24 O 28,000 and $12 Price Price (dollars per disc) 4 Quantity demanded (dollars per disc) 4 Quantity supplied 36,000 4,000 8,000 8 32,000 28,000 24,000 20,000 16,000 12,000 8,000 12 12 12,000 16,000 20,000 24,000 16 16 20 20 24 24 28 28 28,000 32,000 36,000 32 32 36 4,000 36

Step by Step Solution

3.29 Rating (143 Votes )

There are 3 Steps involved in it

Step: 1

option 2 is correct 20000 and 20 Explana... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Michael Parkin

11th edition

133019942, 978-0133020250, 133020258, 978-0133019940

More Books

Students also viewed these Economics questions

Question

Is reliability the same as accuracy?

Answered: 1 week ago

Question

what is the most common cause of preterm birth in twin pregnancies?

Answered: 1 week ago

Question

Which diagnostic test is most commonly used to confirm PROM?

Answered: 1 week ago

Question

What is the hallmark clinical feature of a molar pregnancy?

Answered: 1 week ago

Question

What are the factors of production and their prices?

Answered: 1 week ago