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FIGURE 12-3 -Refer to Figure 12-3.If the Diagram Is Depicting a Perfectly

Question 34

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FIGURE 12-3 -Refer to Figure 12-3.If the diagram is depicting a perfectly competitive industry,the equilibrium price and quantity is A) P<sub>1</sub> and q<sub>1</sub>. B) P<sub>1</sub> and q<sub>2</sub>. C) P<sub>2</sub> and q<sub>1</sub>. D) P<sub>2</sub> and q<sub>2</sub>. E) P<sub>3</sub> and q<sub>1</sub>. FIGURE 12-3
-Refer to Figure 12-3.If the diagram is depicting a perfectly competitive industry,the equilibrium price and quantity is


A) P1 and q1.
B) P1 and q2.
C) P2 and q1.
D) P2 and q2.
E) P3 and q1.

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