Giovani, a baker, makes exactly 20 loaves of brown bread each day. These loaves of bread are delivered to the 20 individuals who have placed an order with him. The quantity associated with such a demand and supply pattern is called _____.

Question

Quizplus · Accepted Answer

The equilibrium quantity is the quantity at which the quantity supplied equals the quantity demanded, which is the case here with 20 loaves supplied and 20 loaves demanded.

Giovani, a Baker, Makes Exactly 20 Loaves of Brown Bread