The following table shows the market demand schedule and supply schedule for notebooks.

-Refer to the table above.At what price does the market for notebooks clear?

Name: The following table shows the market demand schedule and supply schedule for notebooks. -Refer to the table above.At what price does the market for notebooks clear?
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Question

The following table shows the market demand schedule and supply schedule for notebooks.
 
-Refer to the table above.At what price does the market for notebooks clear?

Quizplus · Accepted Answer

At a price of $4, the quantity demanded and quantity supplied are both 8 notebooks, which means that the market for notebooks is in equilibrium and has cleared.

The Following Table Shows the Market Demand Schedule and Supply