If the quantity demanded decreases by 100 sandwiches an hour at each price, what is the equilibrium
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If the quantity demanded decreases by 100 sandwiches an hour at each price, what is the equilibrium price and what is the change in total surplus?
The table shows the demand and supply schedules for sandwiches.
Transcribed Image Text:
Price (dollars per sandwich) 0 I 2 345678 Quantity demanded Quantity supplied (sandwiches per week) 0 50 100 150 200 250 300 350 400 400 350 300 250 200 150 100 50 0
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