Consider the demand and supply schedules above for a limited number of hotels in the downtown business district area of a particular city.
-Refer to the above information to answer this question.If two new buyers enter this market,what are the new equilibrium values of price and quantity?
A)$60 million and 6.
B)$70 million and 6.
C)$60 million and 8.
D)$80 million and 8.
E)$70 million and 7.

Question

Consider the demand and supply schedules above for a limited number of hotels in the downtown business district area of a particular city.
-Refer to the above information to answer this question.If two new buyers enter this market,what are the new equilibrium values of price and quantity?
A)$60 million and 6. 
B)$70 million and 6. 
C)$60 million and 8. 
D)$80 million and 8. 
E)$70 million and 7.

Quizplus · Accepted Answer

The Answer of  Consider the demand and supply schedules above for a limited number of hotels in the downtown business district area of a particular city.
-Refer to the above information to answer this question.If two new buyers enter this market,what are the new equilibrium values of price and quantity?
A)$60 million and 6. 
B)$70 million and 6. 
C)$60 million and 8. 
D)$80 million and 8. 
E)$70 million and 7.

Consider the Demand and Supply Schedules Above for a Limited