Question: Click the button, then read through the scenario and refer to the 5&D graph. Find #N/A initial equilibrium price and quantity, shift the Double Click

 Click the button, then read through the scenario and refer to

Click the button, then read through the scenario and refer to the 5&D graph. Find #N/A initial equilibrium price and quantity, shift the Double Click Here to appropriate curve(s), then find the final Start #VALUE! equilibria and changes in P & Q. #VALUE! #VALUE! Initial Situation #VALUE! Equilibrium Outcome Demand Supply Price slope -1slope Equilibrium 1 intercept #N/Aintercept #N/A Demand P Q P Q Supply $10 $10 Equilibrium 2 #N/A #NA result: #N/A #NA #N/A 57 #N/A 56 #N/A 56 #NA $5 #N/A #NA #N/A #N/A 53 #N/A #NA 52 #N/A 52 #N/A #N/A #NA 50 #N/A 50 #N/A THE New Situation

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