Use the following to answer questions below:
-Refer to the price leadership graph. The equilibrium price is
A) $40.
B) $50.
C) $60.
D) None of the above is correct.

Name: Use the following to answer questions below: -Refer to the price leadership graph. The equilibrium price is A) $40. B) $50. C) $60. D) None of the above is correct.
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Question

Use the following to answer questions below: 
-Refer to the price leadership graph. The equilibrium price is
A) $40. 
B) $50. 
C) $60. 
D) None of the above is correct.

Quizplus · Accepted Answer

The equilibrium price is the price at which the quantity supplied equals the quantity demanded. In the graph, the equilibrium price is $40.

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