Given the market data for good X in the above table, an equilibrium quantity is established at
A) 90 units.
B) 60 units.
C) 30 units.
D) 120 units.

Question

Quizplus · Accepted Answer

The equilibrium quantity is where the quantity demanded equals the quantity supplied. Without specific numbers from a table, we typically look for the point where these two figures match. Given the choices, assuming a standard supply and demand scenario, the correct answer is selected based on the principle that equilibrium is achieved when these two forces balance each other out.

Given the Market Data for Good X in the Above