a. If the price is $15 per bottle, how many bottles of sunscreen are demanded and supplied?

b. What is the equilibrium price and quantity in the market for sunscreen?

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The demand and supply schedules for sunscreen at a small beach are shown below. Market for Sunscreen Price (dollars per bottle) $35 30 25 20 15 10 Quantity of Quantity of Sunscreen Sunscreen Demanded Supplied (bottles) (bottles) 1,000 8,500 2,000 7,000 3,000 5,500 4,000 5,000 6,000 4,000 2,500 1,000 The demand and supply schedules for sunscreen at a small beach are shown below. Market for Sunscreen Price (dollars per bottle) $35 30 25 20 15 10 Quantity of Quantity of Sunscreen Sunscreen Demanded Supplied (bottles) (bottles) 1,000 8,500 2,000 7,000 3,000 5,500 4,000 5,000 6,000 4,000 2,500 1,000

Answer rating: 100% (QA)

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