Figure 34-9

-In Figure 34-9, Pestoland exports pasta to Pastaland.The equilibrium price of pasta will be

Name: Figure 34-9 -In Figure 34-9, Pestoland exports pasta to Pastaland.The equilibrium price of pasta will be
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Question

Figure 34-9
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-In Figure 34-9, Pestoland exports pasta to Pastaland.The equilibrium price of pasta will be

Quizplus · Accepted Answer

The equilibrium price is where the supply and demand curves intersect. In this graph, that is at point A. Therefore, the equilibrium price of pasta is OA.

Figure 34-9 ​

Figure 34-9