The table gives the demand schedule and the supply schedule of smoothies. Quantity supplied Price (dollars per smoothie) 1 2 3 456 5 Quantity demanded (smoothies per day) 800 750 700 650 600 550 What is the equilibrium price of a smoothie? 350 450 550 650 750 850 The equilibrium price is $ Type per smoothie. (Enter your response as a whole number.)

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
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The equilibrium price is $_____ per smoothie. (Enter your response as a whole number)

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The table gives the demand schedule and the supply schedule of smoothies.
Quantity
supplied
Price
(dollars per smoothie)
1
2
N3456
Quantity demanded
(smoothies per day)
800
750
700
650
600
550
350
450
550
650
750
850
What is the equilibrium price of a smoothie?
The equilibrium price is $ Type per smoothie. (Enter your response as a
whole number.)
Transcribed Image Text:The table gives the demand schedule and the supply schedule of smoothies. Quantity supplied Price (dollars per smoothie) 1 2 N3456 Quantity demanded (smoothies per day) 800 750 700 650 600 550 350 450 550 650 750 850 What is the equilibrium price of a smoothie? The equilibrium price is $ Type per smoothie. (Enter your response as a whole number.)
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