Figure 8-5

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

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

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

Quizplus · Accepted Answer

The equilibrium price and quantity occur where the supply and demand curves intersect. In this case, it is at a price of $10 and a quantity of 600.

Figure 8-5 -Refer to Figure 8-5.Without the Tax,what Would the Equilibrium Price