Graph 4-6
-Refer to the Graph 4-6.At a price of $20:

Name: Graph 4-6 -Refer to the Graph 4-6.At a price of $20:
Brand: Quizplus
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Question

Graph 4-6  
-Refer to the Graph 4-6.At a price of $20:

Quizplus · Accepted Answer

At a price of $20, the quantity demanded and quantity supplied are equal, which means the market is in equilibrium. At this price, 600 units would be bought and sold. There would be no pressure for price to change because the market is already in equilibrium. Therefore, all of the above options are true.