Use the following to answer questions:
-(Table: The Market for Soda) Look at the table The Market for Soda. If the government does not impose a price control, the price of a can of soda will equal:
A) $0.50.
B) $0.75.
C) $1.00.
D) $1.25.

Question

Use the following to answer questions: 
-(Table: The Market for Soda) Look at the table The Market for Soda. If the government does not impose a price control, the price of a can of soda will equal:
A) $0.50. 
B) $0.75. 
C) $1.00. 
D) $1.25.

Quizplus · Accepted Answer

The equilibrium price is where the quantity supplied equals the quantity demanded. At a price of $0.75, the quantity supplied is 100 cans and the quantity demanded is also 100 cans.

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