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Answer the following questions based on demand and supply for pumpkins in the Philadelphia area. Note: These are extra fancy carving…

Answer the following questions based on demand and supply for pumpkins in the Philadelphia area.

Note: These are “extra fancy” carving pumpkins.

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Answer the following questions based on demand and supply for pumpkins in the Philadelphia area. Note: These are extra fancy carving…
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Demand          Price               Supply

110                 $ 1.00             15

80                    1.50             25

75                    2.00             40

50                    2.50             50

20                    3.00             70

 The equilibrium price of pumpkins in this market is

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