The graph shown shows the supply and demand for a widget. What mappens if the price is set at $25.00? Include in your answer how retailers will react to a $25.00 price point.

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Schmoudi asked May 26, 2023

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The graph shown shows the supply and demand for a widget. What mappens if the price is set at $25.00? Include in your answer how retailers will react to a $25.00 price point.

Mathematics
high-school

Schmoudi asked May 26, 2023

by Schmoudi

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From the graph, if the price increases to $25

The quantity demand will decrease

Quantity supply increases --------This is the reaction from the retailers

Heyjinkim answered May 31, 2023

by Heyjinkim

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