Reference: Ref 4-3 (Table: Equilibrium Price, Quantity) Refer to the table. The equilibrium P and Q are:

Name: Reference: Ref 4-3 (Table: Equilibrium Price, Quantity) Refer to the table. The equilibrium P and Q are:
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Question

Quizplus · Accepted Answer

The equilibrium price and quantity are the point where the demand and supply curves intersect. In this table, we can see that the demand and supply intersect at a price of $14 and a quantity of 40. Therefore, the correct answer is D.

Reference: Ref 4-3 (Table: Equilibrium Price, Quantity) Refer to the Table