Price Unit Demand (Unit) Supply (Unit) A 10 4 B 20 5 C 30 7 D 8 E 10 F 11 G 12 | 40 50 60 70 12 10 9 87 6 5

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter5: Buying The Necessities
Section: Chapter Questions
Problem 20AA
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Q3 From the table given below, calculate market equilibrium. For market equilibrium price to be 30, How much should be the demand and supply?
IA]
B
C
D
E
F
G
Price Unit Demand (Unit) Supply (Unit)
10
4
20
5
30
7
40
8
50
10
60
11
70
12
12
10
9
8
7
6
5
Transcribed Image Text:IA] B C D E F G Price Unit Demand (Unit) Supply (Unit) 10 4 20 5 30 7 40 8 50 10 60 11 70 12 12 10 9 8 7 6 5
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