Multiple Choice

The table shown depicts the demand and supply schedules of a good. Equilibrium in this market will occur at:
A) a price of $1.50 and a quantity of 62.
B) a price of $1.50 and a quantity of 31.
C) a price of $0.00 and a quantity of 75.
D) an indeterminate price and quantity.
Correct Answer:
Verified
Related Questions
Q123: When does a shortage occur?
A) When the
Q126: What is likely to happen if a
Q132: The market-clearing price refers to the:
A) price