Figure 7-6

-Refer to Figure 7-6.What would be the efficient price and quantity
A)$8 and 40
B)$16 and 80
C)$22 and 80
D)$22 and 110

Name: Figure 7-6 -Refer to Figure 7-6.What would be the efficient price and quantity A)$8 and 40 B)$16 and 80 C)$22 and 80 D)$22 and 110
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Question

Figure 7-6
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-Refer to Figure 7-6.What would be the efficient price and quantity
A)$8 and 40 
B)$16 and 80 
C)$22 and 80 
D)$22 and 110

Quizplus · Accepted Answer

The efficient price and quantity occur where the supply and demand curves intersect, which is at $16 and 80 units.

Figure 7-6 ​

Figure 7-6