-Using the above table, the market clearing price is ________ and equilibrium quantity is ________.
A) $55; 80
B) $60; 150
C) $70; 150
D) $150; 150

Name: -Using the above table, the market clearing price is ________ and equilibrium quantity is ________. A) $55; 80 B) $60; 150 C) $70; 150 D) $150; 150
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Question

-Using the above table, the market clearing price is ________ and equilibrium quantity is ________.
A) $55; 80 
B) $60; 150 
C) $70; 150 
D) $150; 150

Quizplus · Accepted Answer

The market clearing price is where the quantity demanded equals the quantity supplied, which is at $60 with a quantity of 150.

-Using the Above Table, the Market Clearing Price Is ________