Jump to Sapling Learning Map The following table shows infor

Jump to.. Sapling Learning Map The following table shows information on the condiltions of delmand and supply for on the quantity of online music is measured in thousands of mp3 files Due D Point Grad Quantity Demanded Quantity Supplied (thousands) 255 Price (thousands) 185 215 285 415 Polic table $o.70 $0.90 $1.10 $1.30 215 165 85 You You giv Yo 1. What is the quantity demanded at $1.10? 2. What is the quantity supplied at $1.10? Number Number Quantity demanded: 165 thousandQuantity supplied: 285 thousand Number 3. At what price is the quantity supplied equal to 185,000 Tools Exit O Check Answer 0 Next Previous Give Up & View Solution Hint

Solution

What is the quantity demanded at $1.1

Correct Answer:- Quantity demanded =165 thousands (from the table)

What is the quantity supplied at $1.1

Correct Answer:-285 thousands

At what price is the quantity supplied equal to 185000

Correct Answer:- $0.70

Reason:- the supply of 185000 units is related to the price of $0.70. this is depicted in the first row of the table.