-In the above figure, if the market is competitive and unregulated, the price will be
A) $20 per unit.
B) $15 per unit.
C) $10 per unit.
D) $5 per unit.

Question

-In the above figure, if the market is competitive and unregulated, the price will be
A) $20 per unit. 
B) $15 per unit. 
C) $10 per unit. 
D) $5 per unit.

Quizplus · Accepted Answer

In a competitive and unregulated market, the price is determined by the intersection of the supply and demand curves, which is typically the equilibrium price. Without the figure, we assume $10 per unit is the equilibrium price.

-In the Above Figure, If the Market Is Competitive and Unregulated