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Figure 3-2 -If Figure 3-2 Represents a Free Market Economy,market Price and Economy,market

Question 137

Multiple Choice

Figure 3-2 Figure 3-2   -If Figure 3-2 represents a free market economy,market price and quantity will adjust to equilibrium at A) $0.60 and 10 million litres. B) $0.40 and 60 million litres. C) $0.30 and 50 million litres. D) $0.40 and 30 million litres.
-If Figure 3-2 represents a free market economy,market price and quantity will adjust to equilibrium at


A) $0.60 and 10 million litres.
B) $0.40 and 60 million litres.
C) $0.30 and 50 million litres.
D) $0.40 and 30 million litres.

Correct Answer:

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