Solution-Local children clinic staffed by four physicians

Local children clinic staffed by four physicians

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Reference no: EM131234763

The following table depicts the weekly demand and supply of office visits at a local children's clinic staffed by four physicians.

Price per visit	Quantity demanded	Quantity supplied
$20	300	150
25	275	175
30	250	200
35	225	225
40	200	250
45	175	275
50	150	300

If one of the physicians moves to another city, reducing quantity supplied by 25 percent, what are the price and quantity at the new equilibrium?

Reference no: EM131234763

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Local children clinic staffed by four physicians : The following table depicts the weekly demand and supply of office visits at a local children's clinic staffed by four physicians.

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Local children clinic staffed by four physicians

Reference no: EM131234763

Reference no: EM131234763

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