-From Table 2.1, and under the most likely scenario where columns A and B are assigned to represent quantity demanded and quantity supplied, which is the equilibrium price?

Question

Quizplus · Accepted Answer

The equilibrium price is where the quantity demanded equals the quantity supplied. Without seeing Table 2.1, the correct answer cannot be determined based on the information provided. However, typically, the equilibrium price is identified by finding the price at which the quantity demanded by consumers equals the quantity supplied by producers.