Exhibit 3-4
-Refer to Exhibit 3-4.At a price of $2 _______________ units will be exchanged.
A)5
B)10
C)15
D)20

Name: Exhibit 3-4 -Refer to Exhibit 3-4.At a price of $2 _______________ units will be exchanged. A)5 B)10 C)15 D)20
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Question

Exhibit 3-4 
-Refer to Exhibit 3-4.At a price of $2 _______________ units will be exchanged.
A)5 
B)10 
C)15 
D)20

Quizplus · Accepted Answer

At a price of $2, there is an equilibrium point where the quantity demanded and quantity supplied intersect. This occurs at a quantity of 10 units, so that is the amount that will be exchanged.

Exhibit 3-4 -Refer to Exhibit 3-4.At a Price of $2 _______________ Units