Use the table below to answer the following questions.
Table 3.5.1
The Market for Car-Seat Heaters
-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.Simultaneously,the cost of production rises,and supply decreases by 100 heaters at each price.The new equilibrium price is $________ and the new equilibrium quantity is ________ heaters per month.
Definitions:
Pebble-sized Particles
Small, rounded stones or pieces of rock, typically sized between 4 and 64 millimeters in diameter.
Oldest Unit
The earliest formed part of a geological sequence, which can provide valuable information about the Earth's history.
Easy to Erode
Refers to geological materials or landforms that are readily worn away or removed by the action of water, wind, ice, or other erosional forces.
Loose Materials
Unconsolidated and uncompacted substances or objects, often used to describe soil, sand, or aggregate that is easily moved or reshaped.
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