The Following Questions Refer to the graph below.
-At a price of P₁,what quantity will be sold in the market?

Name: The Following Questions Refer to the graph below. -At a price of P 1 ,what quantity will be sold in the market? A)0 B)X C)X 1 D)X 2 E)X 1 X 2
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Question

The Following Questions Refer to the graph below. -At a price of P₁,what quantity will be sold in the market? A)0 B)X C)X₁ D)X₂ E)X₁X₂

Quizplus · Accepted Answer

At a price of P₁, the quantity demanded by consumers is X₁, which is also the quantity that will be sold in the market as it is equal to the quantity supplied by producers. Therefore, choice C is the only correct option.

The Following Questions Refer to the Graph Below