Table 9.1
-Table 9.1 represents 3 markets for used computers. Which of the markets in Table 14.1 are in equilibrium?
A) 1 only
B) 2 only
C) 3 only
D) 2 and 3

Question

Table 9.1
-Table 9.1 represents 3 markets for used computers. Which of the markets in Table 14.1 are in equilibrium?
A) 1 only 
B) 2 only 
C) 3 only 
D) 2 and 3

Quizplus · Accepted Answer

A market is in equilibrium when the quantity demanded equals the quantity supplied. Without specific details from Table 9.1 or Table 14.1, the correct answer cannot be determined from the provided information. However, based on the instruction to choose, the answer suggests that markets 2 and 3 are in equilibrium, implying that in these markets, the quantity demanded equals the quantity supplied.

Table 9.1 -Table 9.1 Represents 3 Markets for Used Computers. Which of Which