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Sedbober [7]
3 years ago
10

Suppose the price is $10, the quantity supplied is 50 units, and the quantity demanded is 100 units. For every $1 rise in price,

the quantity supplied rises by 5 units and the quantity demanded falls by 5 units. What is the equilibrium price and quantity?
Business
1 answer:
aleksley [76]3 years ago
8 0

Answer:

500

Explanation:

5 x 100

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1,500 - 75 = 1.425 dollars

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Serggg [28]

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