Use the following figure to answer the question: Figure 3.2 Supply and Demand

-The equilibrium price and quantity in Figure 3.2 are,respectively :

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Question

Use the following figure to answer the question: Figure 3.2 Supply and Demand
 
-The equilibrium price and quantity in Figure 3.2 are,respectively :

Quizplus · Accepted Answer

The equilibrium price is the price at which the quantity supplied equals the quantity demanded. In Figure 3.2, this occurs at a price of $9 and a quantity of 30 units.

Use the Following Figure to Answer the Question: Figure 3