Figure 4-19
-Refer to Figure 4-19.In this market,equilibrium price and quantity,respectively,are

Name: Figure 4-19 -Refer to Figure 4-19.In this market,equilibrium price and quantity,respectively,are
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Question

Figure 4-19 
-Refer to Figure 4-19.In this market,equilibrium price and quantity,respectively,are

Quizplus · Accepted Answer

The equilibrium point in this market is where the supply and demand curves intersect. In this case, that point is at a price of $10 and a quantity of 50 units. Thus, the correct answer is choice B.

Figure 4-19 -Refer to Figure 4-19.In This Market,equilibrium Price and Quantity,respectively,are