$\begin{array}{ccc}
\text { Quantity Demanded } & \text { Price } & \text { Quantity Supplied } \
30 & \$ 10 & 64 \
40 & \$ 8 & 55 \
50 & \$ 6 & 50 \
60 & \$ 4 & 40 \
70 & \$ 2 & 20
\end{array}$
-Equilibrium price is

Question

Quizplus · Accepted Answer

The equilibrium price is the price at which the quantity demanded equals the quantity supplied. From the table, at a price of $6, the quantity demanded (50) equals the quantity supplied (50), indicating an equilibrium.

-Equilibrium Price Is A)$10 B)$8 C)$6 D)$4 E)$2

-Equilibrium Price Is
A)$10
B)$8
C)$6
D)$4
E)$2