$\begin{array}{ccc}
\begin{array}{c}
\text { Quantity } \
\text { Demanded }
\end{array} & \text { Price } & \begin{array}{c}
\text { Quantity } \
\text { Supplied }
\end{array} \
11 & \$ 15 & 18 \
15 & \$ 14 & 16 \
20 & \$ 13 & 11
\end{array}$
-The equilibrium price is about

Question

Quizplus · Accepted Answer

The equilibrium price is the price at which quantity demanded equals quantity supplied. From the table, we can see that as the price decreases from $15 to $13, the quantity demanded increases from 11 to 20, and the quantity supplied decreases from 18 to 11. The equilibrium price is thus between $14 and $13, where the quantities demanded and supplied are moving towards each other. Since there's no exact match in the table, we estimate the equilibrium price to be around $13.80, which is between the given prices and closer to where the quantities demanded and supplied would equal.

-The Equilibrium Price Is About A)$13

-The Equilibrium Price Is About
A)$13