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daogrady daogrady
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A year ago
 Demand and Supply Schedules for Chocolate Bars

Price
($)		Quantity Demanded
(thousands per week)		Quantity Supplied
(thousands per week)
2.0015002100
1.8016002050
1.6017002000
1.4018001950
1.2019001900
1.0020001850
0.8021001800
0.6022001750
0.4023001700

TABLE 5-1

Refer to Table 5-1. Suppose the government imposed a price of $0.60 per chocolate bar. The result would be

▸ excess supply of 450 chocolate bars per week.

▸ excess demand of 2200 chocolate bars per week.

▸ excess demand of 450 chocolate bars per week.

▸ excess supply of 1750 chocolate bars per week.

▸ stockpiling of unsold chocolate bars.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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xxxmedicalxxxmedical
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A year ago
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