A) If King sets the price at $2.40 per doll, what will be the supply of dolls in the store each week? Give a number only. dolls
B) If King sets the price at $2.40 per doll, how many dolls are in demand in the store each week? Give the number only.
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C) What is the shortage of dolls if the price is $2.40? (based upon the information in parts A and B)
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D) If King sets the price at $3.80 per doll, what will be the supply of dolls in the store each week?
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E) If King sets the price at $3.80 per doll, how many dolls will be in demand in the store each week?
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F) If King sets the price at $3.80 per doll, how many unsold dolls will remain at each store at the end of the week? (based upon the
information given in parts D and E)
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G) Estimate the price where supply and demand are in equilibrium. $