Market Schedules for Milk: Price per tin Qu..

Question 1 Report

Market Schedules for Milk:

From the market demand and supply schedules for milk, we can say that equilibrium price and quantity are

15k, 13,000

20k, 17,500

13k, 20,000

18k, 18,000

18k, 15,000

Market Schedules for Milk: Price per tin Quantity demanded (tins) Quantity supplied (tins) 8k 25,000 7,500 10k 23,000 9,000 13k 20,000 11,500 15k 18,000 13,...