s Complete the table by calculating the "New Market Quantity Supplied" if Ann decided to stop tutoring, and then answer one question. Instructions: Enter your responses as a whole number. Price Quantity (per Supplied by Hour) Ann $50 22222222 45 40 35 30 25 20 15 10 383882888 90 68 50 20 10 Quantity Supplied by Bob 35 33 30 27 20 12 7 0 Quantity Supplied by Carlos 19 14 10 6 2 0 0 0 0 Market Quantity Suppiled (= Ann+ Bob +Carlos) 148 140 130 114 90 62 39 20 10 New Market Quantity Supplied Market Quantity Demanded 5 8 11 16 22 30 39 47 57 What would the new equilibrium price of tutoring services be if Ann decided to stop tutoring? per hour

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Complete the table by calculating the "New Market Quantity Supplied" if Ann decided to stop tutoring, and then answer one question.
Instructions: Enter your responses as a whole number.
Price
(per
Hour)
$50
45
40
35
30
25
20
15
10
Quantity
Supplied by
Ann
94
383882882
81
50
20
10
Quantity
Supplied by
Bob
35
38782TOO
33
30
20
12
Quantity
Supplied by
Carlos
19
14
10
6
2
0
0.
0
Market Quantity
Suppiled (= Ann +
Bob +Carlos)
148
140
130
114
90
62
39
20
10
New Market
Quantity
Supplied
Market
Quantity
Demanded
5
4
8
11
16
22
30
39
47
57
What would the new equilibrium price of tutoring services be if Ann decided to stop tutoring?
per hour
Transcribed Image Text:Complete the table by calculating the "New Market Quantity Supplied" if Ann decided to stop tutoring, and then answer one question. Instructions: Enter your responses as a whole number. Price (per Hour) $50 45 40 35 30 25 20 15 10 Quantity Supplied by Ann 94 383882882 81 50 20 10 Quantity Supplied by Bob 35 38782TOO 33 30 20 12 Quantity Supplied by Carlos 19 14 10 6 2 0 0. 0 Market Quantity Suppiled (= Ann + Bob +Carlos) 148 140 130 114 90 62 39 20 10 New Market Quantity Supplied Market Quantity Demanded 5 4 8 11 16 22 30 39 47 57 What would the new equilibrium price of tutoring services be if Ann decided to stop tutoring? per hour
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