Multiple Choice
Figure 3-10 
-Figure 3-10 illustrates the conditions of demand and supply in the market for compact discs. Indicate the equilibrium price and quantity.
A) price, $20; quantity, 2,000
B) price, $15; quantity, 3,000
C) price, $10; quantity, 2,000
D) price, $10; quantity, 4,000
Correct Answer:
Verified
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