Map Sapling Learning The following table shows information on the conditions of
ID: 1136273 • Letter: M
Question
Map Sapling Learning The following table shows information on the conditions of demand and supply for online music files, where the quantity of online music is measured in thousands of mp3 files. Quantity DemandedQuantity Supplied (thousands) 245 205 155 75 Price $o.90 $1.10 $1.30 $1.50 (thousands) 175 205 275 405 1. What is the quantity demanded at $1.30 2. What is the quantity supplied at $1.30? Number Number Quantity demanded: thousand Quantity supplied: thousand 3. At what price is the quantity supplied equal to 175,000 NumberExplanation / Answer
Answer
1) We can see from the above table that when Price = $1.30 Quantity demanded = 155 Thousand
2) We can see from the above table that when Price = $1.30 Quantity demanded = 275 Thousand
3) We can see from the above table that corresponding to quantity supplied = 175 thousand Price is $0.90. Hence, At Price = $0.90, Quantity supplied equals 175,000