Use the following to answer question:
-(Table: The Market for Soda)Use Table: The Market for Soda.If the government does NOT impose a price control,the price of a can of soda will equal:
A)$0.50.
B)$0.75.
C)$1.00.
D)$1.25.

Question

Use the following to answer question: 
-(Table: The Market for Soda)Use Table: The Market for Soda.If the government does NOT impose a price control,the price of a can of soda will equal:
A)$0.50. 
B)$0.75. 
C)$1.00. 
D)$1.25.

Quizplus · Accepted Answer

The equilibrium price is where the quantity supplied equals the quantity demanded. At a price of $0.75, the quantity supplied is 100 cans and the quantity demanded is also 100 cans.

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