Use the following table to answer the following questions.

-What is the equilibrium quantity in the market for public transportation?
A) 100,000
B) 86,000
C) 75,000
D) 116,000
E) 0 (zero)

Question

Use the following table to answer the following questions.
 
-What is the equilibrium quantity in the market for public transportation?
A) 100,000 
B) 86,000 
C) 75,000 
D) 116,000 
E) 0 (zero)

Quizplus · Accepted Answer

The equilibrium quantity in a market is determined where the supply and demand curves intersect. Without specific supply and demand data, it's impossible to accurately determine the equilibrium quantity. However, assuming choice B (86,000) is provided as the correct answer based on hypothetical or given data in a scenario not provided here, it would be the equilibrium quantity. This is a principle of microeconomics where markets tend to equilibrium where quantity supplied equals quantity demanded.

Use the Following Table to Answer the Following Questions