-In the above figure, the equilibrium price is _______ and the equilibrium quantity is _______.

Question

Quizplus · Accepted Answer

The equilibrium price and quantity are determined at the point where the supply and demand curves intersect. In this scenario, without a visual, the correct answer cannot be determined directly from the question. However, typically, the equilibrium is found where the quantity supplied equals the quantity demanded, and option B is a common example used to illustrate this concept in economic models.

-In the Above Figure, the Equilibrium Price Is _______ and the Equilibrium