According to Figures 3.5 and 3.6, what would the new equilibrium price of tutoring services be if

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According to Figures 3.5 and 3.6, what would the new equilibrium price of tutoring services be if Carlos decided to stop tutoring?

$50 45 40 35 30 25 20 15 10 0 10 20 30 40 50 60 70 80 90 100 O 10 20 30 40 0 10 20 QUANTITY SUPPLIED (hours per semester


$50 The law of supply: quantity supplied increases as price rises. 45 40 35 30 25 20 15 10 0 10 20 30 40 50 60 70 80 90


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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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