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

-Refer to the table above.What is the equilibrium quantity of notebooks?

Question

The following table shows the market demand schedule and supply schedule for notebooks.
 
-Refer to the table above.What is the equilibrium quantity of notebooks?

Quizplus · Accepted Answer

The equilibrium quantity of notebooks is where the quantity demanded and quantity supplied are equal. In this case, it is at a price of $5 per unit, where the quantity demanded is 12 and the quantity supplied is also 12. Therefore, the equilibrium quantity of notebooks is 12 units.

The Following Table Shows the Market Demand Schedule and Supply