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Author Question: Shifts in the Demand CurveThe table shows the quantity of chocolate bars that is demanded and ... (Read 71 times)

vowens

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Shifts in the Demand Curve

The table shows the quantity of chocolate bars that is demanded and supplied at various prices.
PriceQuantity DemandedQuantity Supplied
12523
22029
31535
41041
Assume that at each price, quantity demanded increases by 11. What is the new equilibrium price and quantity?
Round your final answer to two decimal places.
◦ Price = 2.18, Quantity = 30.08
◦ Price = 2.18, Quantity = 3.92
◦ Price = 5.27, Quantity = 3.92
◦ Price = 5.27, Quantity = 30.08


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Marked as best answer by vowens on Nov 23, 2022

dsd1212

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vowens

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Reply 2 on: Nov 23, 2022
Wow, this really help


vickyvicksss

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

 

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