Use the following to answer questions: Figure: Equilibrium
-(Figure: Equilibrium) Refer to the figure. The equilibrium price (in $) is:
A)8.
B)10.
C)16.
D) 12.

Name: Use the following to answer questions: Figure: Equilibrium -(Figure: Equilibrium) Refer to the figure. The equilibrium price (in $) is: A)8. B)10. C)16. D) 12.
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Question

Use the following to answer questions: Figure: Equilibrium 
-(Figure: Equilibrium) Refer to the figure. The equilibrium price (in $) is:
A)8. 
B)10. 
C)16. 
D) 12.

Quizplus · Accepted Answer

The equilibrium price is the price at which the quantity supplied equals the quantity demanded. In the figure, the equilibrium price is $8.

Use the Following to Answer Questions: Figure: Equilibrium