Economics

  • Posted by Deleted User on January 20, 2021 at 9:54 am

    Use the supply and demand schedules provided in the table below to:
    a) Draw the demand and supply curves
    b) Indicate the position of the equilibrium price and quantity
    c) What will be the supply and demand if the price is $1 and $5?
    Price ($) Quantity demanded Quantity supplied
    1 120 0
    2 100 20
    3 80 40
    4 60 60
    5 40 80
    6 20 100

    Olamide Olajuyi replied 2 years, 10 months ago 3 Members · 3 Replies
  • 3 Replies
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