Respuesta :
2. They should charge $30 to reach equilibrium.
3. The demand will decrease from about 680 to 400 units.
The graph and the label the excess demand on the graph is given below. Note that one need to charge $30 to reach equilibrium.
What is equilibrium?
Equilibrium is known to be the state that is said to be balance or in a stable condition and thus, where opposing forces is said to cancel each other out and no change is taking place.
Note that The graph and the label the excess demand on the graph is given below. Note that one need to charge $30 to reach equilibrium.
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