Sknight1223id
Answered

Question 7 (2 points)
What is the equilibrium price for backpacks?
Annual Supply and Demand for Backpacks (in Thousands)
Price
Quantity Demanded
Quantity Supplied
$40.00
14
0
$42.50
12
$45.00
11
$47.50
9
$50.00
$52.50
$55.00
$57.50
$60.00
* nN
$62.50
12
a
$40.00
b
$47.50
O
$52.50
O d
$57.50

Question 7 2 Points What Is The Equilibrium Price For Backpacks Annual Supply And Demand For Backpacks In Thousands Price Quantity Demanded Quantity Supplied 40 class=

Sagot :

Answer:

Ok so for this, you need to think more in the economics/ math zone. I’m not sure if this is in the problem, but you need to find the avg price of one single backpack then Multiply that by the amount you are trying to find. I’m not sure if this is what you were asking, but I hope this helps :)

Explanation: