(Table) According to the table, the equilibrium price is _____, and the equilibrium output is _____ units. $$\begin{array} { l c c }
\text { Price } & \begin{array} { c }
\text { Quantity } \
\text { Demanded }
\end{array} & \begin{array} { c }
\text { Quantity } \
\text { Supplied }
\end{array} \
\$ 15 & 40 & 80 \
\$ 12 & 50 & 70 \
\$ 10 & 60 & 60 \
\$ 7 & 70 & 50 \
\$ 5 & 80 & 40
\end{array}$$

Question

(Table) According to the table, the equilibrium price is _____, and the equilibrium output is _____ units. $$\begin{array} { l c c } 
\text { Price } & \begin{array} { c } 
\text { Quantity } \
\text { Demanded }
\end{array} & \begin{array} { c } 
\text { Quantity } \
\text { Supplied }
\end{array} \
\$ 15 & 40 & 80 \
\$ 12 & 50 & 70 \
\$ 10 & 60 & 60 \
\$ 7 & 70 & 50 \
\$ 5 & 80 & 40
\end{array}$$

Quizplus · Accepted Answer

The equilibrium price is where quantity demanded equals quantity supplied, which is at $10 with 60 units.

(Table) According to the Table, the Equilibrium Price Is _____