Refer to the graph shown. The market represented here is in equilibrium when the price is:
A) $5.00 per unit and 220 units are bought and sold.
B) $8.15 per unit and 220 units are bought and sold.
C) $5.00 per unit and 400 units are bought and sold.
D) $3.65 per unit and 400 units are bought and sold.

Question

Refer to the graph shown. The market represented here is in equilibrium when the price is: 
A) $5.00 per unit and 220 units are bought and sold. 
B) $8.15 per unit and 220 units are bought and sold. 
C) $5.00 per unit and 400 units are bought and sold. 
D) $3.65 per unit and 400 units are bought and sold.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. The market represented here is in equilibrium when the price is: 
A) $5.00 per unit and 220 units are bought and sold. 
B) $8.15 per unit and 220 units are bought and sold. 
C) $5.00 per unit and 400 units are bought and sold. 
D) $3.65 per unit and 400 units are bought and sold.

Refer to the Graph Shown