Question

Assignment Score: 1575/2200 Resources 9 Hint Check Answer Question 17 of 22> The table contains information on the price per month and the monthly demand and supply of online music streaming subscriptions. Price Quantity demanded (thousands Quantity supplied (thousands) $11.00 $11.20 $11.40 $11.60 290 250 200 120 220 250 320 450 What is the quantity demanded at $11.40? thousand subscriptions Quantity demanded is What is the quantity supplied at $11.40? thousand subscriptions Quantity supplied is At what price is the quantity supplied equal to 220,000? about us | careers prvacy polky ers of use contactus elp 賜 %區山

Answer 1

Q1)

Answer: 200

At $11.40 price, quantity demand is 200 thousand subscriptions, since this is the corresponding figure of “quantity demanded” column.

Q2)

Answer: 320

At $11.40 price, quantity demand is 320 thousand, since this is the corresponding figure of “quantity supplied” column.

Q3)

Answer: $11.00

The “quantity supplied” column shows 220 thousand subscriptions. The corresponding price in the price column is $11.00.