Use the table below to answer the following questions.

-Refer to Table 3.5.1.The equilibrium price is $_______ and the equilibrium quantity is _______ heaters per month.

Question

Use the table below to answer the following questions.
 
-Refer to Table 3.5.1.The equilibrium price is $_______ and the equilibrium quantity is _______ heaters per month.

Quizplus · Accepted Answer

The equilibrium price and quantity occur where the supply and demand curves intersect. Based on the options, $60 and 400 heaters per month is the point where supply equals demand.

Use the Table Below to Answer the Following Questions