-Refer to the above figure. The market clearing price is
A) $2.
B) $6.
C) $8.
D) $10.

Name: -Refer to the above figure. The market clearing price is A) $2. B) $6. C) $8. D) $10.
Brand: Quizplus
Rating: 4.7 (33 reviews)

Question

-Refer to the above figure. The market clearing price is
A) $2. 
B) $6. 
C) $8. 
D) $10.

Quizplus · Accepted Answer

The market clearing price is where the quantity demanded equals the quantity supplied, which is typically shown in a supply and demand graph. Without the figure, we assume $6 is the equilibrium price based on the options provided.

-Refer to the Above Figure