$$\begin{array} { c c c }
\text { Price } & \begin{array} { c }
\text { Quantity } \
\text { Demanded }
\end{array} & \begin{array} { c }
\text { Quantity } \
\text { Supplied }
\end{array} \
\$ 50 & 50 & 150 \
\$ 40 & 80 & 120 \
\$ 30 & 100 & 100 \
\$ 20 & 120 & 70 \
\$ 10 & 160 & 30
\end{array}$$
-Equilibrium price is _______ and equilibrium quantity is ______.

Question

$$\begin{array} { c c c } 
\text { Price } & \begin{array} { c } 
\text { Quantity } \
\text { Demanded }
\end{array} & \begin{array} { c } 
\text { Quantity } \
\text { Supplied }
\end{array} \
\$ 50 & 50 & 150 \
\$ 40 & 80 & 120 \
\$ 30 & 100 & 100 \
\$ 20 & 120 & 70 \
\$ 10 & 160 & 30
\end{array}$$
-Equilibrium price is _______ and equilibrium quantity is ______.

Quizplus · Accepted Answer

Equilibrium occurs where quantity demanded equals quantity supplied, which is at a price of $30 with a quantity of 100.

-Equilibrium Price Is _______ and Equilibrium Quantity Is ______

-Equilibrium Price Is _ and Equilibrium Quantity Is