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School
Skyline High School**We aren't endorsed by this school
Course
ECONOMICS 101
Subject
Economics
Date
Dec 18, 2024
Pages
1
Uploaded by MagistrateNeutronSwan31
EQUILIBRIUM, SURPLUS & SHORTAGE Combining Supply and Demand Scenario: The following shows a demand and supply schedule listing CDs demanded and supplied (in the millions) per week at each price. e Graph each the following demand/supply schedule on one demand graph and then answer the questions below: Price Per | Quantity | Quantity | Shortage/ 9,4) Compact | Demanded | Supplied | Surplus . Disc (QS-QD) 6 0 9 9 5 2 6 4 4 3 5 2 3 4 4 0 2 6 3 -3 Q,n 1 9 0 -9 — -~ 3 JEEEFrFEEEEER" Cquanti} \9) 1. What is the equilibrium price? 3 pesos 2. What is the QD and QS at the equilibrium price? - 3. What is the surplus at Php. 6? 9 4. What is the shortage at Php. 2 3
