is this 6 or 21? look at the image below. Equilibrium is where supply equals demand.In this market, the equilibrium price is:Quantity DemandedFonNamMarketDemand12PriceYingSomGobYam102.2421262910451036251010401.121110488.-Market Supply-Market DemandQuantity SuppliedPrice10Apple11MarketSupply42BoomOlyCartoonKaiMint1101053410313524221126514144221020304021lel 2 2

Demand Curve: - demand curve is the graphical way of showing the relationship between the quantity…

Equilibrium is where supply equals demand. In this market, the equilibrium price is: Quantity Demanded Nam Market Demand 12 Price Ying Som Fon Gob Yam 10 2. 2. 2. 10 21 4. 3. 2. 20 29 36 10 10 10 40 12 11. 10 48 -Market Supply 6 -Market Demand Quantity Suppled Apple 11 Market Supply 42 34 31 24 21 14 Pice Boom Oly Catoon Met Ka 10 10 10 10 4 4 10 20 30 40 21

Equilibrium is where supply equals demand. In this market, the equilibrium price is: Quantity Demanded Nam Market Demand 12 Price Ying Som Fon Gob Yam 10 2. 2. 2. 10 21 4. 3. 2. 20 29 36 10 10 10 40 12 11. 10 48 -Market Supply 6 -Market Demand Quantity Suppled Apple 11 Market Supply 42 34 31 24 21 14 Pice Boom Oly Catoon Met Ka 10 10 10 10 4 4 10 20 30 40 21

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section3.3: The Market: Putting Supply And Demand Together

Problem 3ST

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please draw the graph for question3, dont you respond me with chat gpt and dont give and writen solution Draw a correctly labelled demand and supply graph for the market for toilet paper in the US with an equilibrium price of $20 per pack: You should label your vertical axis as "Price" and the horizontal axis as "Quantity". Draw a downward-sloping demand curve and an upward-sloping supply curve. Label the point where they intersect as the equilibrium point, with a price of $20 per pack. During the pandemic, more people were buying toilet paper in fear that it would run out. On the same graph, show how this affects the market for toilet paper. Explain your answer: The increased fear would cause a shift to the right in the demand curve, indicating higher demand at each price level. This would move the equilibrium point up along the supply curve, indicating a higher price and quantity sold. Now impose a price ceiling at $15 per pack. What would be the impact of the price ceiling…
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