Price (S) 35.00 1 30.00 Supply 25.00 20.00 5.00 10.00 5.00 Demand 50 100 150 200...

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Price (S) 35.00 1 30.00 Supply 25.00 20.00 5.00 10.00 5.00 Demand 50 100 150 200 250 300 350 Quantity of CDs Instructions: Round your answers to the nearest whole number The equilibrium price is $and the equilibrium quantity is CDs.

business economics

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Answer 1

Answer #1

Answer:

Equilibrium price occur at point of intersection of supply and demand graph.here

Equilibrium price =$15.00

Equilibrium quantity =150 cds

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Answer 2

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