The document lists answers to 3 questions: 1) Consumers are willing to buy 1 unit at $15 per unit. 2) Suppliers are willing to supply 5 units at $5 per unit. 3) The equilibrium price shown is $8.00.
I answered the following 1. 1 unit2. 5 units3. $8.00 1. A.pdf
1. I answered the following:
1. 1 unit
2. 5 units
3. $8.00
1. At a price of $15 a unit, how many units are consumers willing to buy 2. At a price of $5 a
unit, how many units are suppliers willing to supply? 3. What is the equilibrium price shown?