Use the table below to answer the following questions.
Table 3.4.1

-In Table 3.4.1,the equilibrium price is
A)$7 a unit.
B)$5 a unit.
C)$4 a unit.
D)$3 a unit.
E)$1 a unit.

Name: Use the table below to answer the following questions. Table 3.4.1 -In Table 3.4.1,the equilibrium price is A)$7 a unit. B)$5 a unit. C)$4 a unit. D)$3 a unit. E)$1 a unit.
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Question

Use the table below to answer the following questions.
Table 3.4.1
 
-In Table 3.4.1,the equilibrium price is
A)$7 a unit. 
B)$5 a unit. 
C)$4 a unit. 
D)$3 a unit. 
E)$1 a unit.

Quizplus · Accepted Answer

The equilibrium price is where the supply and demand curves intersect, which is at $4 a unit in this table.

Use the Table Below to Answer the Following Questions