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Glossary
Supply and Demand Schedule

When we put the supply and demand schedules for chocolate bars together, we get the scenario in the table below. Notice that in this case the equilibrium price is $1.20 a bar. At that price, consumers will demand 300 chocolate bars and producers will supply 300 chocolate bars.

Price per bar Quantity demanded Quantity supplied
$2.00 100 500
$1.60 200 400
$1.20 300 300
$0.80 400 200
$0.40 500 100