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The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell one widget at the following prices: $52, $40, $30,
The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell one widget at the following prices: $52, $40, $30, $26, and $16 (one seller at each price]. Hve buyers are willing to buy one widget at the following prices: $8, $10, $16, $26, and $30 (one buyer at each price). For each price shown in the following table, use the given information to enter the quantity demanded and quantity supplied. Price Quantity Demanded Quantityr Supplied ($ per widget) (widgets) (widgets) $8 E E $10 E E $16 E E $26 E E $30 E E W E E $52 E E In this market, the equilibrium price will be\\:| per widget, and the equilibrium quantity will be V widgets
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