From the figures below,the market price of rockets is

Question

Quizplus · Accepted Answer

The market price of rockets is shown on the y-axis. Looking at the graph, we can see that the market price of rockets intersects with the line representing quantity demanded at a price of 10. This means that at a price of 10, the quantity demanded of rockets is equal to the quantity supplied. At any higher price, there will be a surplus of rockets and at any lower price, there will be a shortage. Therefore, the best choice is A) 10, as it represents the equilibrium price where the market is in balance.

From the Figures Below,the Market Price of Rockets Is