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The Following Data Shows the Market for Soccer Balls

Question 2

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The following data shows the market for soccer balls:
The following data shows the market for soccer balls:    -Refer to the above information to answer this question.Assume that initially the market is in equilibrium,and the demand increases by 10 units while the supply increases by 40 units.What will be the new equilibrium price and quantity? A) $10 and 110. B) $30 and 100. C) $40 and 120. D) $50 and 50. E) $60 and 110.
-Refer to the above information to answer this question.Assume that initially the market is in equilibrium,and the demand increases by 10 units while the supply increases by 40 units.What will be the new equilibrium price and quantity?


A) $10 and 110.
B) $30 and 100.
C) $40 and 120.
D) $50 and 50.
E) $60 and 110.

Correct Answer:

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