Question

I have this problem in algebra and it's a use the table below to answer the question and the table it saysprice | quantity supplied of t-shirts | quantity demanded of t-shirtsthen it says $5$10$25$50 then under quantity supplied of t-shirts it says $5 | 0$10 | 100$25 | 300$50 | 400 then the quantity of demanded of t-shirts $5 |300$10 | 100$25 | 50$50 | 0then it says the equilibrium price for t-shirts is____● $5● $10● $25

Answer 1

Given : the quantities supplied and demanded of t- shirts

By graphing the lines represents the supplied and demanded , the intersection between them will give the equilibrium price for t-shirts

And as shown in the table :

at the price of $10 , the supplied = demanded

So, the lines will intersect at this point

So, the answer is :

the equilibrium price for t-shirts = $10