Use the supply and demand schedules below to answer the following questions: Price Quantity Demanded Quantity Supplied
$ 5 100 40
10 85 55
15 70 70
20 55 85
25 40 100

Instructions: Enter your answers as a whole number.

a. What is the market equilibrium price and quantity?

Market equilibrium price: $

Market equilibrium quantity:
units

b. What is the market price if there is a shortage of 30 units?

$
30

c. At a price of $20, the market experiences a
surplus
of
55
units.

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step-by-step explanation:

11.2

step-by-step explanation:

when doing tangent the tangent of the angle is equal to the opposite side from the angle over the adjacent side to the angle.

tan43 = x / 12

move 12 over by multiplying each side by 12

12tan43 = x

x = about 11.2

step-by-step explanation:

for exempl this   system of equations   y = x - 3

                                                                y = 2x - 5

look   the line : y = x -3     ( red)

                            the line : y = 2x -5 ( bleus)