12. Market equilibrium and disequilibrium The following graph shows the monthly demand and supply curves in the market for calendars. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool Market for Calendars 80 I Price (Dollars per calendar) 72 Supply 24 64 Quantity Demanded (Calendars) Quantity Supplied (Calendars) 56 500 150 48 40 Demand PRICE (Dollars per calendar)

Principles of Macroeconomics (MindTap Course List)
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ISBN:9781285165912
Author:N. Gregory Mankiw
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Chapter11: Measuring The Cost Of Living
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12. Market equilibrium and disequilibrium
The following graph shows the monthly demand and supply curves in the market for calendars.
Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph.
Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly.
Graph Input Tool
Market for Calendars
80
I Price
(Dollars per
calendar)
72
Supply
24
64
Quantity
Demanded
(Calendars)
Quantity Supplied
(Calendars)
56
500
150
48
40
32
Demand
24
PRICE (Dollars per calendar)
Transcribed Image Text:12. Market equilibrium and disequilibrium The following graph shows the monthly demand and supply curves in the market for calendars. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool Market for Calendars 80 I Price (Dollars per calendar) 72 Supply 24 64 Quantity Demanded (Calendars) Quantity Supplied (Calendars) 56 500 150 48 40 32 Demand 24 PRICE (Dollars per calendar)
Graph Input Tool
(?
Market for Calendars
80
I Price
(Dollars per
calendar)
72
Supply
24
64
Quantity
Demanded
(Calendars)
Quantity Supplied
(Calendars)
56
500
150
48
40
32
Demand
24
16
8
50 100 150 200 250 300 350 400 450 500
QUANTITY (Calendars)
The equilibrium price in this market is $
per calendar, and the equilibrium quantity is
calendars bought and sold per month.
PRICE (Dollars per calendar)
Transcribed Image Text:Graph Input Tool (? Market for Calendars 80 I Price (Dollars per calendar) 72 Supply 24 64 Quantity Demanded (Calendars) Quantity Supplied (Calendars) 56 500 150 48 40 32 Demand 24 16 8 50 100 150 200 250 300 350 400 450 500 QUANTITY (Calendars) The equilibrium price in this market is $ per calendar, and the equilibrium quantity is calendars bought and sold per month. PRICE (Dollars per calendar)
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