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Sveta_85 [38]
3 years ago
10

The table contains information on the price per month and the monthly demand and supply of online music streaming subscriptions.

Business
1 answer:
Ahat [919]3 years ago
3 0

Answer:

200,000

320,000

$ 10.40 

Explanation:

The answers can be found on the table. To determine the quantity demanded at $10.80, look at the table and locate $10.80. On that row,trace to the quantity demanded.

To determine the quantity supplied at $10.80, look at the table and locate $10.80. On that row,trace to the quantity supplied.

To determine prife at which quantity supplied is 220,000. Locate 220,000 on the table and trace it to the price.

I hope my answer helps you

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Solution :

Given the wage = $ 10.25 that is to be imposed to the market.

Given equation :

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If the wage of $10.25 is to be imposed to the market, the value of the labor supply can be found by putting the value of the wage in the labor supply equation.

At W = 10.25

Putting this value in the above equation, the labor supply would be

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When W = 10.25, the value for the labor demand can be found by :

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Answer:

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The correct answer is option B

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Answer:

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