3- Use the table below to answer the following questions. Table 1 The Market for Car-Seat Heaters a) Refer to Table 1. The equilibrium price is $ and the equilibrium quantity is heaters per month. b) Refer to Table 1 . If the price is set at $80, there will be a ... (describe the situation in the market) c) Refer to Table 1. Suppose the cost of production rises and supply decreases by 100 units at each price. The new equilibrium price is ? and equilibrium quantity is units. d) Refer to Table 1. Suppose a problem develops with car-seat heaters - they malfunction and occasionally cause serious burns. As a result, demand decreases by 100 heaters at each price. The new equilibrium price is : and the new equilibrium quantity is heaters per month. e) Refer to Table 1. Suppose a problem develops with car-seat heaters - they malfunction and occasionally cause serious burns. As a result, demand decreases by 100 heaters at each price. Simultaneously, the cost of production rises, and supply decreases by 100 heaters at each price. The new equilibrium price is and the new equilibrium quantity is heaters per month.

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