1. The graph shows supply and demand curves for the newest game controller
system.
9
1,000.
Supply
250-
$7.99 $11.49
Demand
P
What is the equilibrium price? $11.49
b. What will happen if the price is set at $7.99? Demand more than s
c. How many game controllers are demanded at a price of $7.99? 1000
d. How many game controllers are supplied at a price of $7.99?
e.
250
What will happen if the price is set at $12.99? Supply more then de