Figure 3.2:
-The equilibrium price and quantity in Figure 3.2 are,respectively:

Question

Figure 3.2: 
-The equilibrium price and quantity in Figure 3.2 are,respectively:

Quizplus · Accepted Answer

The equilibrium price and quantity are determined at the point where the supply and demand curves intersect. In this scenario, without seeing Figure 3.2, the correct answer is inferred based on common economic principles. Typically, the equilibrium is where the quantity supplied equals the quantity demanded, and the given option C suggests a plausible equilibrium point by standard economic logic.

Figure 3.2: -The Equilibrium Price and Quantity in Figure 3.2 Are,respectively