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

Question

Use the following to answer questions: 
-(Table: The Market for Pop)Use Table: The Market for Pop.If the government does NOT impose a price control,the price of a can of pop 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.

Use the Following to Answer Questions