The following figure shows the demand and supply curves for a product. Estimate the equilibrium quantity.
A)0
B)140
C)250
D)400

Name: The following figure shows the demand and supply curves for a product. Estimate the equilibrium quantity. A)0 B)140 C)250 D)400
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Question

The following figure shows the demand and supply curves for a product. Estimate the equilibrium quantity. 
A)0 
B)140 
C)250 
D)400

Quizplus · Accepted Answer

The equilibrium quantity is where the demand and supply curves intersect. In this case, that occurs at a quantity of 250.

The Following Figure Shows the Demand and Supply Curves for a Product