Use the following table to answer the following questions.
Market for Corn

-What would be the equilibrium price in the market for corn?
A) $2.00
B) $5.00
C) $4.00
D) $3.50
E) $4.50

Question

Use the following table to answer the following questions.
Market for Corn
 
-What would be the equilibrium price in the market for corn?
A) $2.00 
B) $5.00 
C) $4.00 
D) $3.50 
E) $4.50

Quizplus · Accepted Answer

The equilibrium price is where the quantity supplied and quantity demanded are equal, which occurs at a price of $3.50 in this table. At this price, both buyers and sellers are satisfied with the market outcome.

Use the Following Table to Answer the Following Questions