Figure 22-9

-In Figure 22-9, Pestoland exports pasta to Pastaland.The equilibrium price of pasta will be

Name: Figure 22-9 -In Figure 22-9, Pestoland exports pasta to Pastaland.The equilibrium price of pasta will be
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Question

Figure 22-9
 
-In Figure 22-9, Pestoland exports pasta to Pastaland.The equilibrium price of pasta will be

Quizplus · Accepted Answer

The equilibrium price is where the supply and demand curves intersect. In this diagram, the intersection occurs at point A, which corresponds to a price of $4 per unit. Therefore, the equilibrium price of pasta will be OA.

Figure 22-9 -In Figure 22-9, Pestoland Exports Pasta to Pastaland.The Equilibrium Price