Table 9-1
-In Table 9-1, the equilibrium level of output is

Name: Table 9-1 -In Table 9-1, the equilibrium level of output is
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Table 9-1  ​
-In Table 9-1, the equilibrium level of output is

Quizplus · Accepted Answer

The equilibrium level of output is where the aggregate demand curve intersects the aggregate supply curve. In the table, this occurs at a price level of 100, where the quantity demanded and quantity supplied is 3,000. Therefore, the equilibrium level of output is 3,000.

Table 9-1 ​

Table 9-1