The following figure shows the demand and supply curves for bottled water.

-Refer to the figure above.What is the equilibrium quantity of bottled water?
A) 10 units
B) 20 units
C) 30 units
D) 40 units

Question

The following figure shows the demand and supply curves for bottled water.
 
-Refer to the figure above.What is the equilibrium quantity of bottled water?
A) 10 units 
B) 20 units 
C) 30 units 
D) 40 units

Quizplus · Accepted Answer

The equilibrium quantity is where the supply and demand curves intersect, which, based on the description, is at 20 units.

The Following Figure Shows the Demand and Supply Curves for Bottled