The monthly supply and demand for a particular bike is represented in the accompanying graph. The...

 

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The monthly supply and demand for a particular bike is represented in the accompanying graph. The quantity is in thousands and the price is in hundreds of dollars. Use the graph to answer the following. The demand curve is red and the the supply curve is blue. 100+ 95 90 85 28283832393 80- 75 70 65 54321 60- Price (in hundreds) 45 50- 40- 35 30 2 25 20 15 10 S $ 10 1 2 3 4 56 8 9 10 11 12 13 14 15 16 17 12 Quantity in thousands (a) Approximately at what price is 3600 bikes supplied? s nearest $50.) (b) Approximately at what price is 3500 bikes demanded? s nearest $50) (c) Estimate the equilibrium price. S (d) Estimate the equilibrium quantity (Round to the (Round to the The monthly supply and demand for a particular bike is represented in the accompanying graph. The quantity is in thousands and the price is in hundreds of dollars. Use the graph to answer the following. The demand curve is red and the the supply curve is blue. 100+ 95 90 85 28283832393 80- 75 70 65 54321 60- Price (in hundreds) 45 50- 40- 35 30 2 25 20 15 10 S $ 10 1 2 3 4 56 8 9 10 11 12 13 14 15 16 17 12 Quantity in thousands (a) Approximately at what price is 3600 bikes supplied? s nearest $50.) (b) Approximately at what price is 3500 bikes demanded? s nearest $50) (c) Estimate the equilibrium price. S (d) Estimate the equilibrium quantity (Round to the (Round to the