The following figure shows the demand and supply curves for USB flash drives at different price levels. D is the demand curve, and S₁ is the initial supply curve.

-Refer to the figure above.When the demand curve for flash drives is D and the supply curve of flash drives is S₁,the equilibrium quantity is ________.

Question

The following figure shows the demand and supply curves for USB flash drives at different price levels. D is the demand curve, and S₁ is the initial supply curve.
 
-Refer to the figure above.When the demand curve for flash drives is D and the supply curve of flash drives is S₁,the equilibrium quantity is ________.

Quizplus · Accepted Answer

The equilibrium quantity is where the demand curve (D) intersects the supply curve (S₁). This point represents the quantity at which the quantity demanded by consumers equals the quantity supplied by producers, and it is shown in the figure as 40 units.

The Following Figure Shows the Demand and Supply Curves for USB