(Table: The Market for Salt and Vinegar Chips) Use Table: The Market for Salt and Vinegar Chips. The equilibrium quantity and equilibrium price are, respectively, _____ bags per month and _____. $$\begin{array}{l}
\text { Table: The Market for Salt and Vinegar Chips }\
\begin{array} { | l | l | l | }
\hline \text { Price (per bag) } & \begin{array} { l }
\text { Quantity Demanded } \
\text { (bags per month) }
\end{array} & \begin{array} { l }
\text { Quantity Supplied } \
\text { (bags per month) }
\end{array} \
\hline \$ 0.90 & 75 & 285 \
\hline 0.80 & 110 & 250 \
\hline 0.70 & 145 & 215 \
\hline 0.60 & 180 & 180 \
\hline 0.50 & 215 & 145 \
\hline 0.40 & 250 & 110 \
\hline 0.30 & 185 & 75 \
\hline
\end{array}
\end{array}$$

Question

(Table: The Market for Salt and Vinegar Chips) Use Table: The Market for Salt and Vinegar Chips. The equilibrium quantity and equilibrium price are, respectively, _____ bags per month and _____. $$\begin{array}{l}
\text { Table: The Market for Salt and Vinegar Chips }\
\begin{array} { | l | l | l | } 
\hline \text { Price (per bag) } & \begin{array} { l } 
\text { Quantity Demanded } \
\text { (bags per month) }
\end{array} & \begin{array} { l } 
\text { Quantity Supplied } \
\text { (bags per month) }
\end{array} \
\hline \$ 0.90 & 75 & 285 \
\hline 0.80 & 110 & 250 \
\hline 0.70 & 145 & 215 \
\hline 0.60 & 180 & 180 \
\hline 0.50 & 215 & 145 \
\hline 0.40 & 250 & 110 \
\hline 0.30 & 185 & 75 \
\hline
\end{array}
\end{array}$$

Quizplus · Accepted Answer

The equilibrium is reached when the quantity demanded equals the quantity supplied. According to the table, this occurs at a price of $0.60 per bag, with both the quantity demanded and supplied being 180 bags per month.

(Table: the Market for Salt and Vinegar Chips) Use Table