The table on the right shows the demand and supply schedules for sandwiches. Quantity demanded Quantity supplied ..... Price If the quantity supplied of sandwiches decreases by 20 per hour at each price, the new price of (dollars per sandwich) (sandwiches per hour) 80 a sandwich is $ 5. 1.00 70 10 2.00 60 20 Total surplus increases by $ : 3.00 50 30 4.00 40 40 5.00 30 50 6.00 20 60 7.00 10 70 8.00 80
The table on the right shows the demand and supply schedules for sandwiches. Quantity demanded Quantity supplied ..... Price If the quantity supplied of sandwiches decreases by 20 per hour at each price, the new price of (dollars per sandwich) (sandwiches per hour) 80 a sandwich is $ 5. 1.00 70 10 2.00 60 20 Total surplus increases by $ : 3.00 50 30 4.00 40 40 5.00 30 50 6.00 20 60 7.00 10 70 8.00 80
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 21P
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The table on the right shows the demand and supply schedules for sandwiches
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