Info

Now add the old demand schedule and the demand schedule for the new students to calculate the new demand schedule for the entire «»liege. What will be the new equilibrium price and quantity?

15. Market research has revealed the following information aboul the market for chocolate bars: The demand schedule can be represented by the equation Q" = 1,600 - 300P. where Q" is the quantity demanded and P is the price. The supply schedule can be represented by the equation Ql - 1,400 + 700P, where C is the quantity supplied. Calculate the equilibrium price and quantity in the market for chocolate bars.

Was this article helpful?

0 0
The Secrets Of Winning Business Grants

The Secrets Of Winning Business Grants

Why Some Grant Applications Almost Always Win A Double Take And Get Approved More Often! How To Write A Winning Grant Application In One Evening. Are you looking to secure extra money for your business venture?

Get My Free Ebook


Post a comment