Use the following to answer question:
-(Figure: The Market for Candy) Use Figure: The Market for Candy.Equilibrium occurs at a price of _____,and the equilibrium quantity is equal to _____.

Question

Use the following to answer question:

-(Figure: The Market for Candy) Use Figure: The Market for Candy.Equilibrium occurs at a price of _____,and the equilibrium quantity is equal to _____.

Quizplus · Accepted Answer

In the figure, the intersection of the supply and demand curves gives us the equilibrium price and quantity. The equilibrium price is where PS1U1B = 12 on the vertical axis, and the equilibrium quantity is where QS1U1B = 13 on the horizontal axis. Therefore, the correct answer is B.

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