-The Above Table Gives the Demand and Supply Schedules for Cat

question 425

Essay

-The above table gives the demand and supply schedules for cat food. If the supply increases by 20 tons at every price, what is the new equilibrium price and quantity?

---

Definitions:

Ethylethanoate

Also known as ethyl acetate, an organic compound used as a solvent in many applications due to its pleasant smell and quick evaporation.

Methylethanoate

An ester formed from methanol and acetic acid, known for its fruity smell and used in the manufacture of flavors and fragrances.

Ethylmethanoate

A chemical compound more commonly known as ethyl formate, an ester formed from ethanol and formic acid with the formula C3H6O2.