The demand and supply for burgers are given in the table below
Price in SAR |
Quantity demanded (in ‘000) |
Quantity Supplied (in ‘000) |
30 |
300 |
100 |
35 |
250 |
150 |
40 |
200 |
200 |
45 |
150 |
250 |
1. What is going to happen to the equilibrium price and equilibrium quantity in the burger market when both supply and demand of burger shift leftward? (1 points) using a graph should help you to answer this question
2. What is going to happen to the equilibrium price and equilibrium quantity in the burger market when supply shifts rightward and the demand of burger shift leftward? (1 points) using a graph should help you to answer this question
Get Answers For Free
Most questions answered within 1 hours.