Answer choices; 1. 15, 20, 25, 30,35 2. 200,280,300,320,400 3. a surplus, a shor
ID: 1131069 • Letter: A
Question
Answer choices;
1. 15, 20, 25, 30,35
2. 200,280,300,320,400
3. a surplus, a shortage
4. 50,100,200,300,400
5. upward, downward
6. surplus, shortage
7. 20, 40, 60, 280, 320
8.downward , upward
1o. why do arket transactions takg place at thaz same pric ? The following aluator depicts the market for computer keyboards. The do-mward-doping (blue) line represents demand, and the upward-slopingorange) ne represents supply. You can enter price (in Colas) into the Prce of Keyboard box to see the quantity demanded 2nd quantity suppliedthat price. Use the calulator to help you answer the folowing questions. You will net be graded on any changes you make te the caloulator. Tool bip: Use your mouse to drag the green line an the graph. The values in the boxes en the right sidle of the calculatar wl change accoringly. You can also directly ehange the valuesin the bases wth the hte background by cida ng n the box and typng. when you cick the Calculate button, theaph and any reated voues wil change accordingly Daant ty Demanded 200 Daant ty Supalied The equlbrium prica of a kryboard in this markrt is par brybaard, and theequiibrium quantty is keybeards bought and seld per menth. Suppoe the prica of a keybeard is $3S. In this cas, the would b ranth, wtich weud wart ards per prwre en pica Now, suppose that the price af a keyboard is $23. In this case, there wouid be keyboards per meth, which woukd exert pressure on pices.Explanation / Answer
Equilibrium is when Supply equals Demand.
Thus
Equilibrium price is 25
Equilibrium Quantity is 300
When price is 35, there's would be a surplus of (400-200=) 200 shirts. This will create a downward pressure on prices so that supply decreases and Demand increases to move the price to equilibrium.
When price is 23, which is less than equilibrium price, there would be a shortage of 40 units. This will create an upward pressure on prices, until demand lessens and supply increases so that equilibrium is achieved.
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