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Problem 1 – Reading graph : AquaPod

The graph shows supply and demand curves for the AquaPod, a digital music player for scuba divers.

What is the equilibrium price? The equilibrium price 40
What will happen if the price is set at $35?
How many AquaPods are demanded at a price of $35?
How many AquaPods are supplied at a price of $40?
What will happen if the price is set at $45?

User Futuretec
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1 Answer

3 votes

The equilibrium price for AquaPod is $40. At a price of $35, there will be a shortage. The quantity supplied at a price of $40 is equal to the quantity demanded. At a price of $45, there will be a surplus.

The graph shows supply and demand curves for the AquaPod, a digital music player for scuba divers.

The equilibrium price is the price at which the quantity demanded equals the quantity supplied.

In this case, the equilibrium price is $40. At a price of $35, the quantity demanded will be greater than the quantity supplied, resulting in a shortage.

The quantity demanded at a price of $35 can be determined by finding the corresponding point on the demand curve.

At a price of $40, the quantity supplied will be equal to the quantity demanded, resulting in an equilibrium.

The quantity supplied at a price of $40 can be determined by finding the corresponding point on the supply curve. If the price is set at $45, the quantity supplied will exceed the quantity demanded, resulting in a surplus.

The probable question may be:

The graph shows supply and demand curves for the AquaPod, a digital music player for scuba divers.

What is the equilibrium price? The equilibrium price 40

What will happen if the price is set at $35?

How many AquaPods are demanded at a price of $35?

How many AquaPods are supplied at a price of $40?

What will happen if the price is set at $45?

Problem 1 – Reading graph : AquaPod The graph shows supply and demand curves for the-example-1
User John Mike
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7.9k points