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avanturin [10]
3 years ago
12

Answer the question based on the following supply and demand schedules in units per week for a product.Price Quanity Demanded Qu

antity Supplied $60 100 40050 140 34040 180 28030 220 22020 260 16010 300 100Refer to the above table. if demand increased by 40 units at each price while supply decreased by so unts at each price. the equlibrium price wouid be: a. $30 b. $40 c. $60d. $50
Business
1 answer:
xeze [42]3 years ago
4 0

Answer: equilibrium price is $30

Explanation: price decreased steadily at $10 and demand increased by $40(the lower the price the higher the demand) while supply decreased by $60(the lower the price the lower the supply) From the table equilibrium price equal $30 where demand equal supply at 220 units.

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A closed economy has income of $1,000, government spending of $200, taxes of $150, and investment of $250. What is private savin
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Explanation:

Private Saving is income less taxes and consumption so is calculated by the formula;

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