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The following graph illustrates the market for small moving trucks in Flagstaff, AZ, during Northern Arizona's fall move-in week. A graph plots price in dollars
The following graph illustrates the market for small moving trucks in Flagstaff, AZ, during Northern Arizona's fall move-in week. A graph plots price in dollars per small truck on the y-axis ranging from 0 to 100 in increments of 10 and quantity in hundreds of small truck on the x-axis ranging from 0 to 10 in increments of 1. A positive sloping straight line curve labeled S passes through (5, 50) and (10, 90) and a downward sloping curve labeled D passes through (0, 100) and (5, 50). The curves intersect at (5, 50). A dashed, horizontal line extends from (0, 50) to (5, 50). A dashed, vertical line extends from (50, 0) to (5, 50). 0 1 2 3 4 5 6 7 8 9 10 100 90 80 70 60 50 40 30 20 10 0 PRICE (Dollars per small truck) QUANTITY (Hundreds of small trucks) Demand Supply Suppose that Zoomba is one of over a dozen competitive firms in the Flagstaff area that offers moving truck rentals. Based on the preceding graph showing the weekly market demand and supply curves, the price Zoomba must take as given is $ . Fill in the price and the total
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