What is the equilibrium price for turkeys at this store

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Reference no: EM131808364

The supply and demand for 15 pound turkeys at one grocery store is as follows:

Quantity Supplied Price Quantity Demanded

300 $10 0

250 $ 8 100

200 $ 6 200

150 $ 4 300

100 $ 2 400

1. Graph the Supply and Demand for Turkeys based on the data above. Use a graphing program such as the Kidzone: https://nces.ed.gov/nceskids/createagraph/ If you prefer to sketch a graph, scan it and upload it, go to https://incompetech.com/graphpaper/ for free graph paper.

2. What is the equilibrium price for turkeys at this store?

3. What is the equilibrium quantity of turkeys at this store?

4. Explain why a price of $10 is not the equilibrium.

5. Explain why a price of $2 is not the equilibrium.

Reference no: EM131808364

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