-In the above figure, the unregulated, competitive market equilibrium is tuition of _______ and the equilibrium quantity is _______ students in university.
A) $18,000; 30 million
B) $12,000; 40 million
C) $18,000; 50 million
D) $6,000; 50 million

Question

-In the above figure, the unregulated, competitive market equilibrium is tuition of _______ and the equilibrium quantity is _______ students in university.
A) $18,000; 30 million 
B) $12,000; 40 million 
C) $18,000; 50 million 
D) $6,000; 50 million

Quizplus · Accepted Answer

The unregulated, competitive market equilibrium is tuition of $18,000 and the equilibrium quantity is 30 million students in university. This is because the intersection of the supply and demand curves occurs at this point.

-In the Above Figure, the Unregulated, Competitive Market Equilibrium Is