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Author Question: Shifts in the Supply CurveThe table shows the quantity of tablets that is demanded and supplied at ... (Read 130 times)

krabuske

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on: Nov 23, 2022

Question 1

The Supply Curve

The table shows the supply schedule for socks.
PriceQuantity Supplied
10
215​
330​
445​
560​
Assuming that the supply of socks is linear, at what price is a quantity of 39 supplied? Round your final answer to two decimal places.
◦ $12.40
◦ $3.60
◦ -$585.00
◦ $585.00

Question 2

Shifts in the Supply Curve

The table shows the quantity of tablets that is demanded and supplied at various prices.
PriceQuantity DemandedQuantity Supplied
50120,000​100,000​
75112,500​102,500​
100105,000​105,000​
12597,500​107,500​
Assume that the new equilibrium price is $50. How much would quantity supplied need to increase at each price to reach this equilibrium?
◦ 5050
◦ 2550
◦ 20,000
◦ 112,499
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by krabuske on Nov 23, 2022

KobyRhoads

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Reply #1 on: Nov 23, 2022
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krabuske

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

alvinum

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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