1. The table below shows information on the demand and supply for Chicken, where the quantities of Chicken thousands. are measured in Price Qd Qs GHS 120 50 36 GHS 150 40 40 GHS 180 32 48 GHS 210 28...


1. The table below shows information on the<br>demand and supply for Chicken, where the<br>quantities of Chicken<br>thousands.<br>are<br>measured in<br>Price<br>Qd<br>Qs<br>GHS 120<br>50<br>36<br>GHS 150<br>40<br>40<br>GHS 180<br>32<br>48<br>GHS 210<br>28<br>56<br>GHS 240<br>24<br>70<br>Table 1. Demand and Supply for Chicken<br>a. What is the quantity demanded and the<br>quantity supplied of Chicken at a price of<br>GHS 210?<br>b. At what price is the quantity supplied equal<br>to 48,000 Chickens?<br>c. Graph the demand and supply curve for<br>Chickens. Determine the equilibrium price<br>and quantity from the graph?<br>d. If the price was GHS 120, what would the<br>quantities demanded and supplied be?<br>Would a shortage or surplus exist? If so,<br>how large would the shortage or surplus be?<br>

Extracted text: 1. The table below shows information on the demand and supply for Chicken, where the quantities of Chicken thousands. are measured in Price Qd Qs GHS 120 50 36 GHS 150 40 40 GHS 180 32 48 GHS 210 28 56 GHS 240 24 70 Table 1. Demand and Supply for Chicken a. What is the quantity demanded and the quantity supplied of Chicken at a price of GHS 210? b. At what price is the quantity supplied equal to 48,000 Chickens? c. Graph the demand and supply curve for Chickens. Determine the equilibrium price and quantity from the graph? d. If the price was GHS 120, what would the quantities demanded and supplied be? Would a shortage or surplus exist? If so, how large would the shortage or surplus be?

Jun 08, 2022
SOLUTION.PDF
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
Have files?