The table given below reports the quantity of bread loaves demanded and supplied at different per unit prices.Table 3.3

-According to Table 3.3, equilibrium in the market for bread occurs at the price of:
A)$2 per unit
B)$3 per unit
C)$4 per unit
D)$4.5 per unit
E)$1.5 per unit

Question

The table given below reports the quantity of bread loaves demanded and supplied at different per unit prices.Table 3.3
 
-According to Table 3.3, equilibrium in the market for bread occurs at the price of:
A)$2 per unit 
B)$3 per unit 
C)$4 per unit 
D)$4.5 per unit 
E)$1.5 per unit

Quizplus · Accepted Answer

The equilibrium price is where the quantity demanded equals the quantity supplied. According to Table 3.3, this occurs at $3 per unit.

The Table Given Below Reports the Quantity of Bread Loaves