Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / The widget market is competitive and includes no transaction costs

The widget market is competitive and includes no transaction costs

Economics

The widget market is competitive and includes no transaction costs.Five suppliers are willing to sell one widget at the following prices: $20, $12, $8, $4, and $2 (one seller at each price). Five buyers are willing to buy one widget at the following prices: $8, $12, $20, $32, and $44 (one buyer at each price).
For each price shown in the following table, use the given information to enter the quantity demanded and quantity supplied.
Price Quantity Demanded Quantity Supplied ($ per widget)(widgets)(widgets)
$2
$4
$8$
12
$20
$32
$44
In this market, the equilibrium price will beper widget, and the equilibrium quantity will be    widgets.

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE