$\begin{array} { | l | l | l | l | l | l | }
\hline \begin{array} { l }
\text { Units of Farmers' Product } \
\text { Demanded per month }
\end{array} & 45 & 50 & 56 & 61 & 67 \
\hline \text { Price per unit } & \$ 5 & 4 & 3 & 2 & 1 \
\hline \begin{array} { l }
\text { Units of Farmers' Product } \
\text { Supplied per month }
\end{array} & 77 & 73 & 68 & 61 & 57 \
\hline
\end{array}$
-Equilibrium price will be:

Question

$\begin{array} { | l | l | l | l | l | l | } 
\hline \begin{array} { l } 
\text { Units of Farmers' Product } \
\text { Demanded per month }
\end{array} & 45 & 50 & 56 & 61 & 67 \
\hline \text { Price per unit } & \$ 5 & 4 & 3 & 2 & 1 \
\hline \begin{array} { l } 
\text { Units of Farmers' Product } \
\text { Supplied per month }
\end{array} & 77 & 73 & 68 & 61 & 57 \
\hline
\end{array}$
-Equilibrium price will be:

Quizplus · Accepted Answer

The equilibrium price is where the quantity demanded equals the quantity supplied. From the table, at a price of $2 per unit, both the quantity demanded and supplied are 61 units, indicating equilibrium.

-Equilibrium Price Will Be: A)$5 B)$4 C)$3 D)$2 E)$1

-Equilibrium Price Will Be:
A)$5
B)$4
C)$3
D)$2
E)$1