13) The Table below gives the Demand and Supply schedules of Frisbees.QuantityDemandedper month18001600140012001000800600Price($)2468101214QuantitySuppliedper month60080010001200140016001800Suppose that Demand decreases by 250 Frisbees per month and Supply increases by 550 Frisbees permonth. What is the new equilibrium price and quantity of Frisbees?

Quantity can be demanded or supplied at the price that prevails in the market. It means the quantity…

13) The Table below gives the Demand and Supply schedules of Frisbees. Quantity Demanded per month 1800 1600 1400 1200 1000 800 600 Price ($) 2 4 6 8 10 12 14 Quantity Supplied per month 600 800 1000 1200 1400 1600 1800 ang adu Suppose that Demand decreases by 250 Frisbees per month and Supply increases by 550 Frisbees per month. What is the new equilibrium price and quantity of Frisbees?

13) The Table below gives the Demand and Supply schedules of Frisbees. Quantity Demanded per month 1800 1600 1400 1200 1000 800 600 Price ($) 2 4 6 8 10 12 14 Quantity Supplied per month 600 800 1000 1200 1400 1600 1800 ang adu Suppose that Demand decreases by 250 Frisbees per month and Supply increases by 550 Frisbees per month. What is the new equilibrium price and quantity of Frisbees?

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter4: Demand, Supply, And Markets

Section: Chapter Questions

Problem 3.4P

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