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Price and quantity at the new equilibrium

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Reference no: EM131237309

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: EM131237309

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