Question

The following table gives hypothetical data for the quantity of alarm clocks demanded and supplied per month.


a. Graph the demand and supply curves.
b. Find the equilibrium price and quantity.
c. Illustrate on your graph how a decrease in the price of telephone wake-up services would affect the market for alarm clocks.
d. What would happen if there was a decrease in the price of wake-up services at the same time that the price of the plastic used to manufacture alarm clocksrose?


$1.99
Sales0
Views120
Comments0
  • CreatedDecember 11, 2012
  • Files Included
Post your question
5000