Use the table below to answer the following questions.
-Refer to Table 3.5.1.Suppose a problem develops with car- seat heaters - they malfunction and occasionally cause serious burns.As a result, demand decreases by 100 heaters at each price.The new equilibrium price is $_______ and the new equilibrium quantity is _______ heaters per month.
Definitions:
Net Loss
The amount by which a company's expenses exceed its revenues during a specific accounting period, indicating a negative financial performance.
Investment
The process of distributing funds with the goal of earning additional income or profits.
Withdrawal
Money taken out from a business by its owner for personal use, decreasing the owner’s equity in the business.
Financial Statements
Formal records of the financial activities and position of a business, person, or other entity, presented in a structured manner.
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