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Figure: The DVD Rental Market
-(Figure: The DVD Rental Market) Look at the figure The DVD Rental Market. The figure shows the weekend rental market for DVDs in Collegetown. The equilibrium price for DVD rentals is _____ and the equilibrium quantity is _____.
A)$5; 50
B)$3; 30
C)$9; 90
D)$6; 40

Question

Use the following to answer questions :
Figure: The DVD Rental Market 
-(Figure: The DVD Rental Market) Look at the figure The DVD Rental Market. The figure shows the weekend rental market for DVDs in Collegetown. The equilibrium price for DVD rentals is _____ and the equilibrium quantity is _____.
A)$5; 50 
B)$3; 30 
C)$9; 90 
D)$6; 40

Quizplus · Accepted Answer

The equilibrium price and quantity occur where the supply and demand curves intersect. In the figure, this intersection is at a price of $5 and a quantity of 50 DVDs.

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