Name Consumer Economics Supply and Demand ?· Name _____ Consumer Economics Supply and Demand Worksheet…

Download Name Consumer Economics Supply and Demand ?· Name _____ Consumer Economics Supply and Demand Worksheet…

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<ul><li><p>Name _______________________ </p><p>Consumer Economics </p><p>Supply and Demand Worksheet </p><p>LT Electronics manufactures Blu-Ray Disc players. They determine that their supply schedule (what they are </p><p>able to produce, based on price) for the upcoming holiday season is as follows: </p><p>Price of Blu-Ray Disc players supplied: </p><p>Price per player Quantity produced </p><p>$ 250 800 </p><p>$ 200 700 </p><p>$ 150 600 </p><p>$ 100 500 </p><p>$ 50 400 </p><p>They determine that their demand schedule (what customers will buy) during the upcoming holiday season is </p><p>as follows: </p><p>Price per player Quantity demanded </p><p>$ 250 200 </p><p>$ 200 400 </p><p>$ 150 600 </p><p>$ 100 800 </p><p>$ 50 1,000 </p><p>Looking at both the schedules of supply and demand, as well as the graph of the demand and supply curve for </p><p>LT Blu-Ray players, what is the equilibrium price of Blu-Ray Disc players and the equilibrium quantity of </p><p>players demanded and supplied at that price? </p><p> $ 300 </p><p> $ 250 </p><p>Price $ 200 </p><p> $ 150 </p><p> $ 100 </p><p> $ 50 </p><p> 0 200 400 600 800 1000 1200 </p><p> Quantity </p></li></ul>

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