The following table represents the market for disposable
Question and Solution
The following table represents the market for disposable digital cameras. Plot this data on a supply and demand graph an
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The following table represents the market for disposable digital cameras. Plot this data on a supply and demand graph and identify the equilibrium price and quantity. Explain what would happen if the market price is set at $30, and show this on the graph. Explain what would happen if the market price is set at $15, and show this on the graph PRICE QUANTITY DEMANDED QUANTITY SUPPLIED $ 5.00 15 0 10.00 13 3 15.00 11 6 20.00 9 9 25.00 7 12 30.00 5 15 35.00 3 18
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