The graph shown depicts the market for a good. Assume the market was originally in equilibrium where the demand curve (D) and supply curve (S) intersect. What was the original equilibrium price and quantity for this good?
A) $5 and 30
B) $5 and 20
C) $10 and 20
D) $20 and 10

Question

The graph shown depicts the market for a good. Assume the market was originally in equilibrium where the demand curve (D) and supply curve (S) intersect. What was the original equilibrium price and quantity for this good?
A) $5 and 30 
B) $5 and 20 
C) $10 and 20 
D) $20 and 10

Quizplus · Accepted Answer

The Answer of  The graph shown depicts the market for a good. Assume the market was originally in equilibrium where the demand curve (D) and supply curve (S) intersect. What was the original equilibrium price and quantity for this good?
A) $5 and 30 
B) $5 and 20 
C) $10 and 20 
D) $20 and 10

The Graph Shown Depicts the Market for a Good