Use the figure below to answer the following questions.
Figure 3.4.2
-Refer to Figure 3.4.2.When the price is $10 a unit,

Name: Use the figure below to answer the following questions. Figure 3.4.2 -Refer to Figure 3.4.2.When the price is $10 a unit,
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Question

Use the figure below to answer the following questions.
  Figure 3.4.2
-Refer to Figure 3.4.2.When the price is $10 a unit,

Quizplus · Accepted Answer

At a price of $10, the quantity demanded by consumers is 100 units, which matches the quantity supplied by producers, resulting in no surplus or shortage. Therefore, the equilibrium quantity is 100 units, which is the best choice.

Use the Figure Below to Answer the Following Questions