Quantity Supplied by Ann Quantity Supplied by Bob Market Quantity Supplied (= Ann + Bob +Carlos New Market Market Price (per Hour) Quantity Supplied by Carlos Quantity Supplied Quantity Demanded $35 70 100 65 235 90 30 70 80 55 205 95 25 60 70 40 170 110 20 60 60 35 155 115 15 55 40 25 120 120 10 40 20 15 75 130 10 10 5 25 158 What would the new equilibrium price of tutoring services be if Ann decided to stop tutoring? $ per hour %24

Quantity Supplied by Ann Quantity Supplied by Bob Market Quantity Supplied (= Ann + Bob +Carlos New Market Market Price (per Hour) Quantity Supplied by Carlos Quantity Supplied Quantity Demanded $35 70 100 65 235 90 30 70 80 55 205 95 25 60 70 40 170 110 20 60 60 35 155 115 15 55 40 25 120 120 10 40 20 15 75 130 10 10 5 25 158 What would the new equilibrium price of tutoring services be if Ann decided to stop tutoring? $ per hour %24

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter19: Elasticity

Section: Chapter Questions

Problem 9QP

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