Figure 18-9

-In Figure 18-9, Pestoland exports pasta to Pastaland.The equilibrium price of pasta will be

Name: Figure 18-9 -In Figure 18-9, Pestoland exports pasta to Pastaland.The equilibrium price of pasta will be
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Question

Figure 18-9
 
-In Figure 18-9, Pestoland exports pasta to Pastaland.The equilibrium price of pasta will be

Quizplus · Accepted Answer

The equilibrium price is determined where the supply and demand curves intersect. In this diagram, the intersection point of the supply and demand curves is at point A, which corresponds to a price of $6 per unit. Therefore, choice C is the correct answer.

Figure 18-9 -In Figure 18-9, Pestoland Exports Pasta to Pastaland.The Equilibrium Price