Figure 8-5

-Refer to Figure 8-5.Without a tax,the equilibrium price and quantity are
A)$16 and 300.
B)$10 and 600.
C)$10 and 300.
D)$6 and 300.

Name: Figure 8-5 -Refer to Figure 8-5.Without a tax,the equilibrium price and quantity are A)$16 and 300. B)$10 and 600. C)$10 and 300. D)$6 and 300.
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Question

Figure 8-5
 
-Refer to Figure 8-5.Without a tax,the equilibrium price and quantity are
A)$16 and 300. 
B)$10 and 600. 
C)$10 and 300. 
D)$6 and 300.

Quizplus · Accepted Answer

The equilibrium price and quantity are determined where the supply and demand curves intersect, which is at $10 and 600 units.

Figure 8-5 -Refer to Figure 8-5.Without a Tax,the Equilibrium Price and Quantity