Exhibit 4-7 Demand and supply schedules for movie tickets
$$\begin{array} { | c | c | c | }
\hline \text { Price } & \begin{array} { c }
\text { Quantity } \
\text { Demanded }
\end{array} & \begin{array} { c }
\text { Quantity } \
\text { Supplied }
\end{array} \
\hline \$ 10 & 200 & 500 \
8 & 240 & 470 \
6 & 370 & 420 \
4 & 390 & 390 \
2 & 410 & 310 \
\hline
\end{array}$$
-In Exhibit 4-7, the equilibrium price of a movie ticket is:

Question

Exhibit 4-7 Demand and supply schedules for movie tickets
​ $$\begin{array} { | c | c | c | } 
\hline \text { Price } & \begin{array} { c } 
\text { Quantity } \
\text { Demanded }
\end{array} & \begin{array} { c } 
\text { Quantity } \
\text { Supplied }
\end{array} \
\hline \$ 10 & 200 & 500 \
8 & 240 & 470 \
6 & 370 & 420 \
4 & 390 & 390 \
2 & 410 & 310 \
\hline
\end{array}$$
-In Exhibit 4-7, the equilibrium price of a movie ticket is:

Quizplus · Accepted Answer

The equilibrium price is where the quantity demanded equals the quantity supplied, which occurs at $4 with both quantities at 390.

Exhibit 4-7 Demand and Supply Schedules for Movie Tickets ​

Exhibit 4-7 Demand and Supply Schedules for Movie Tickets