Figure 4-18
-Refer to Figure 4-18.At the equilibrium price,

Name: Figure 4-18 -Refer to Figure 4-18.At the equilibrium price,
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Question

Figure 4-18 
-Refer to Figure 4-18.At the equilibrium price,

Quizplus · Accepted Answer

At the equilibrium price, the quantity supplied and quantity demanded are equal. In this case, it is at a price of $4 per unit, and both the supply and demand curves intersect at a quantity of 400 units. Therefore, 400 units would be supplied and demanded at the equilibrium price.

Figure 4-18 -Refer to Figure 4-18.At the Equilibrium Price