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Pachacha [2.7K]
3 years ago
9

Suppose that the supply schedule for tacos shows 300 tacos per day supplied at a price of $2.00 apiece. What must the demand sch

edule for tacos at that price show for the market to be in equilibrium?
Business
1 answer:
GREYUIT [131]3 years ago
6 0

Answer:

300 tacos as well

Explanation:

Market equilibrium is defined as the point where market supply and market demand are exactly the same.

So if the supply schedule shows 300 tacos per day at a price of $2.00, for this point to be the market equilibrium, the demand schedule has to show 300 tacos per day.

This also means that $2.00 is the equilibrium price in this market, that is to say, the price at which the supply and demand of tacos equalize.

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1. MS Excel File is attached for the solution. Please find that.

2.                   Contribution income statement for the year

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Download xlsx
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> xlsx </span>
0ad3c4067ef6fb5654d4f915cc4a8fbe.png
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