Question

小狐狸

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Market Equilibrium
Price as a Regulator
3.00
Price
(dollars
Quantity Quantity Shortage (-)
demanded supplied or surplus (+)
(millions of bars per week)
Price (dollars per bar)
Surplus of
6 million bars
at $2.00 a bar
Supply of
energy bars
per bar)
2.50
0.50
22
O
-22
1.00
15
6
-9
2.00
1.50
10
10
0
2.00
7
15
+6
1.50
2.50
5
5
+10
1.00
Demand for
energy bars
0.500
If the price is $2.00 a bar, the quantity
supplied exceeds the quantity
demanded.
> A surplus of 6 million bars.
O
5
10 15
20 25
Quantity (millions of bars per week)
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