-Using the above figure, in the absence of any government intervention, the number of tons of paper produced will be
A) 60 million tons.
B) 80 million tons.
C) 100 million tons.
D) 120 million tons.

Question

-Using the above figure, in the absence of any government intervention, the number of tons of paper produced will be
A) 60 million tons. 
B) 80 million tons. 
C) 100 million tons. 
D) 120 million tons.

Quizplus · Accepted Answer

In the absence of government intervention, the market will produce at the equilibrium quantity where supply equals demand, which is 100 million tons.

-Using the Above Figure, in the Absence of Any Government