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What would the equilibrium price be

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Reference no: EM131299229

Assume that the market demand for milkshakes is as follows:

Shake(s)

Price($)

0

20.00

800

15.00

1800

12.50

3600

9.15

5000

7.14

6000

6.10

6800

5.40

7400

4.94

7800

4.10

8100

3.00

8300

2.70

In the perfectly competitive market that we have discussed, what would the equilibrium price be?

Reference no: EM131299229

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