-The above table gives the market demand and market supply schedules for lemonade. There are no external benefits or external costs. What is the efficient quantity of lemonade?

Name: -The above table gives the market demand and market supply schedules for lemonade. There are no external benefits or external costs. What is the efficient quantity of lemonade?
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Question

Quizplus · Accepted Answer

The efficient quantity is where market demand equals market supply, which is typically where the quantity demanded equals the quantity supplied.

-The Above Table Gives the Market Demand and Market Supply