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Using the Supply and Demand Curves to Find EquilibriumThe table shows the quantity of lilies that ...

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Using the Supply and Demand Curves to Find EquilibriumThe table shows the quantity of lilies that ...

Using the Supply and Demand Curves to Find Equilibrium

The table shows the quantity of lilies that are demanded and supplied at various prices.

Price	Quantity Demanded	Quantity Supplied
1.5	210	105
2.5	175	140
3.5	140	175
4.5	105	210

What is the equilibrium price? What is the equilibrium quantity? Round your final answer to two decimal places.

▸ $3, 105

▸ $4.5, 157.5

▸ $3, 157.5

▸ $4.5, 105

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 42 times

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vikingblood Author

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Correct

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