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04-10-2022
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f. Suppose the market demand data for the product are as follows:

Price Total Quality Demanded
$ 27.00 17,000
33.00 15,000
39.00 13,500
44.00 12,000
50.00 10,500
58.00 9,500
68.00 8,000

What is the equilibrium price? $

Instructions: Enter your answers rounded to two decimal places. Enter positive values for profit or loss.

What will profit or loss be per unit?
Profit per unit = $

Per firm? $__

Answer :

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