Use the figure below to answer the following questions. Figure 3.4.2
-The equilibrium price in the market illustrated by Figure 3.4.2 is
A)$2 a unit.
B)$4 a unit.
C)$6 a unit.
D)$8 a unit.
E)$10 a unit.

Question

Use the figure below to answer the following questions.  Figure 3.4.2
-The equilibrium price in the market illustrated by Figure 3.4.2 is
A)$2 a unit. 
B)$4 a unit. 
C)$6 a unit. 
D)$8 a unit. 
E)$10 a unit.

Quizplus · Accepted Answer

The equilibrium price in a market is determined at the point where the supply and demand curves intersect. This point represents the price at which the quantity of goods supplied equals the quantity of goods demanded. Without seeing Figure 3.4.2, we can't identify the specific intersection point, but the correct answer would be based on this principle. Assuming the correct answer provided here, $6 a unit, is based on the specific details of Figure 3.4.2 where the supply and demand curves intersect at a price of $6.

Use the Figure Below to Answer the Following Questions