ECON 248 Lecture 6: Econ 2020A - 23 Sept 2019
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What would the new equilibrium price of tutoring services be if Carlos decided to stop tutoring?
Price per hour | Quantity Supplied by Ann | Quantity Supplied by Carlos | Quantity Supplied by Bob | Market Quantity Supplied | Market Quantity Demanded |
$50 | 94 | 19 | 35 | 148 | 5 |
45 | 93 | 14 | 33 | 140 | 8 |
40 | 90 | 10 | 30 | 130 | 11 |
35 | 81 | 6 | 27 | 114 | 16 |
30 | 68 | 2 | 20 | 90 | 22 |
25 | 50 | 0 | 12 | 62 | 30 |
20 | 32 | 0 | 7 | 39 | 39 |
15 | 20 | 0 | 0 | 20 | 47 |
10 | 10 | 0 | 0 | 10 | 57 |