Question 1

Price	Quantity Demanded	Quantity Supplied 1
$40.0	140	60
42.5	130	70
45.0	120	80
47.5	110	90
50.0	100	100
52.5	90	110
55.0	80	120
57.0	70	130
60.0	60	140

Refer to the above information to answer this question. If supply increases by 40 units, what will be the new values of equilibrium price and quantity?

		$50 and 140.
		$60 and 120.
		$40 and 140.
		$60 and 140.
		$45 and 120.

1 points

Question 2