Question: Set all variables to their baseline values. Set the price of spaghetti to its equilibrium levelThe wage rises to $7.50 an hour. 10. at the

Set all variables to their baseline values. Set the price of spaghetti to its equilibrium levelThe wage rises to $7.50 an hour. 10. at the current price of spaghetti, supply changes by...11. At the current price of spaghetti, demand changes by...

E F G H I J K L price supply 30 MARKET DATA Questions X 25 demand Price of spaghetti $15.00 Quantity demanded 1515 20 Quantity supplied 4067 When the price of tacos falls to $3 (as in the last question), 15 Excess demand -2552 8) What's the new equilibrium price of spaghetti? 9) What's the new equilibrium quantity of spaghetti? 10 DEMAND DATA 5 Income $20,000 Price of tacos $6.00 0 8000 Price of wine 0 2000 4000 $20.00 6000 10000 SUPPLY DATA OK quantity Price of sauce $3.00 Set baseline Price of labor $5.00 values Questions 8 & 9 Per unit tax $0.00 Print Go to answer EQUILIBRIUM ANSWER SHEET

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