00:02
In this problem, the information is shown on demand and supply for bicycles where the quantities of bicycles are measured in thousands, right? so this is demand and this is supply.
00:18
So quantities of bicycles are given for demand and supply.
00:27
And price is also given to us.
00:29
So it is asked that what is the quantity demanded and the quantity supplied at price of 210.
00:38
So this is for sure that demanded amount will be 28 ,000 bicycles, right? for 210.
00:52
Let us see.
00:53
This is 210 and this is 28.
00:59
This is 56.
01:00
So this is in thousands, right? so that means at price 210, we can say that demanded, the quantity demanded is 28 ,000 bicycles and quantity supplied was 56 ,000 bicycles.
01:19
So it was in thousands, right? so now next one is at what price is the quantity supplied equals to 48 ,000? right.
01:31
So, 48, let us search.
01:36
All right.
01:36
So here is our value 48, right? so this is for price 180.
01:44
So we can say that at price 180 dollars, dollar 180, quantity supplied will be equals to 48 ,000 bicycles...