Figure 3-G
The diagram below represents the market for butter.
-Refer to Figure 3-G.The equilibrium price of butter is:

Name: Figure 3-G The diagram below represents the market for butter. -Refer to Figure 3-G.The equilibrium price of butter is:
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Question

Figure 3-G
The diagram below represents the market for butter. 
-Refer to Figure 3-G.The equilibrium price of butter is:

Quizplus · Accepted Answer

The equilibrium price of butter is where the supply and demand curves intersect. In this diagram, that point is at a price of $3. Therefore, choice B is the correct answer.

Figure 3-G The Diagram Below Represents the Market for Butter