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What will the equilibrium-quantity demanded

Assignment Help Macroeconomics
Reference no: EM132181546

Consider the supply and demand schedule below to answer the questions below:

Price Qty Demanded Qty Supplied

10 0 10

9 1 9

8 2 8

7 3 7

6 4 6

5 5 5

4 6 3

3 7 2

2 8 2

1 9 1

  • In a free market, what will the equilibrium price be?
  • What will the equilibrium, quantity demanded, and quantity supplied be?
  • If price were $2, what would happen?
  • If price were $7, what would happen?
  • If price were $5, what would happen?

Reference no: EM132181546

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