Using the data in the table below, what is the equilibrium quantity and equllibrium price for...

  

Transcribed Image Text:

Using the data in the table below, what is the equilibrium quantity and equllibrium price for a cellular telephone? Draw a graph to show equilibrium price and output. (8 pts - answer question and draw a graph) 音管習 Price (dollars per cellular phone) (thousands) (thousands) Quantity Quantity supplied demanded 100 50 100 80 55 80 50 60 60 20 100 40 Using the data in the table below, what is the equilibrium quantity and equllibrium price for a cellular telephone? Draw a graph to show equilibrium price and output. (8 pts - answer question and draw a graph) 音管習 Price (dollars per cellular phone) (thousands) (thousands) Quantity Quantity supplied demanded 100 50 100 80 55 80 50 60 60 20 100 40