Suppose that in a recent market period, the following relationship existed between the price of Bluray discs
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Graph the supply and demand curves for Bluray discs using the information in the table. What are the equilibrium price and quantity? If the industry price is $20, is there a shortage or surplus of Bluray discs? How much is the shortage or surplus?
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Price Quantity Demanded Quantity Supplied $19 $20 $21 $22 $23 100 million 90 million 80 million 70 million 60 million 40 million 60 million 80 million 100 million 120 million
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The market schedule for the demand and supply of the disks were given in the below table PriceS Quan...View the full answer
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