Equilbrium price and equilibrium quantity?
If the price was $20 and quantity demanded is 1 and quantity supplied is 25, If the price was $19 an dthe quantity demanded is 3 and quantity supplied is 24, If the price was $18 and the quantity demanded is 6 and quantity supplied is 22, If the price was $17 and the quantity demanded is 10 and quantity supplied is 18, If the price was $16 and the quantity demanded is16 and the quantity supplied is 10, If the price is $15 and the quantity demanded is 24 and the quantity supplied is 2. What is the equilibrium price and equilibrium quantity
Answer:
The price is between $16 and $17 and the quantity is between 10 and 16. If you need the exact amount, plot them on a graph to see where the lines cross. Close to $16.50 and between 13 or 14 quantity.
16, you idiot.
The equilibrium is found when the quantity demanded equals the quantity supplied. Based on what you have given for information, that price must be somewhere between $16 and $17. The equilibrium quantity must be between 10 and 16 units.
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Answer:
The price is between $16 and $17 and the quantity is between 10 and 16. If you need the exact amount, plot them on a graph to see where the lines cross. Close to $16.50 and between 13 or 14 quantity.
16, you idiot.
The equilibrium is found when the quantity demanded equals the quantity supplied. Based on what you have given for information, that price must be somewhere between $16 and $17. The equilibrium quantity must be between 10 and 16 units.
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