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Refer to the table below for the following question. Table 3 Price Quantity Demanded Quantity Supplied (dollars per bottle) (bottles per week) (bottles per week)
Refer to the table below for the following question.
Table 3
Price Quantity Demanded Quantity Supplied
(dollars per bottle) (bottles per week) (bottles per week)
2 180 60
6 140 100
10 100 140
14 60 180
18 20 220
4- Refer to Table 3 The table shows the demand and supply schedules for shampoo.
a) What is the equilibrium price
b)What is the equilibrium quantity?
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