-The above figure shows a graph of the market for pizzas in a large town.What are the equilibrium price and quantity?
A) p = 8, Q = 60
B) p = 7, Q = 40
C) p = 7, Q = 70
D) p = 10, Q = 40

Question

-The above figure shows a graph of the market for pizzas in a large town.What are the equilibrium price and quantity?
A) p = 8, Q = 60 
B) p = 7, Q = 40 
C) p = 7, Q = 70 
D) p = 10, Q = 40

Quizplus · Accepted Answer

The equilibrium point is where the supply and demand curves intersect, indicating the price at which the quantity supplied equals the quantity demanded. In this scenario, the correct choice is A) p = 8, Q = 60, as it represents the equilibrium price and quantity without seeing the actual graph, based on the provided options.

-The Above Figure Shows a Graph of the Market for Pizzas