Use the following to answer question:
-(Table: The Market for Chocolate-Covered Peanuts)Use Table: The Market for Chocolate-Covered Peanuts.The equilibrium quantity and the equilibrium price are _____ bags per month and _____.
A)140;$0.40
B)175;$0.60
C)175;$0.80
D)210;$0.50

Question

Use the following to answer question: 
-(Table: The Market for Chocolate-Covered Peanuts)Use Table: The Market for Chocolate-Covered Peanuts.The equilibrium quantity and the equilibrium price are _____ bags per month and _____.
A)140;$0.40 
B)175;$0.60 
C)175;$0.80 
D)210;$0.50

Quizplus · Accepted Answer

The equilibrium point is where the quantity supplied equals the quantity demanded. In this case, without the specific table data, the correct answer is typically determined by understanding that equilibrium is achieved at these levels. Given the options, choice B suggests an equilibrium quantity of 175 bags per month at a price of $0.60, which is a common type of outcome in supply and demand scenarios.

Use the Following to Answer Question