-According to the above table, the equilibrium price of DVDs is
A)$16.
B)$14.
C)$12.
D)$10.

Name: -According to the above table, the equilibrium price of DVDs is A)$16. B)$14. C)$12. D)$10.
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Question

-According to the above table, the equilibrium price of DVDs is
A)$16. 
B)$14. 
C)$12. 
D)$10.

Quizplus · Accepted Answer

The equilibrium price is where the quantity demanded equals the quantity supplied. Without the table, we assume $12 is the price where this condition is met.

-According to the Above Table, the Equilibrium Price of DVDs