Refer the following table showing the quantity of toothpastes that are demanded at different prices. Identify the price (as shown in the first column below in the table) that represents the market clearing. $$\begin{array} { c c c }
\begin{array} { c }
\text { Price } \
\text { (US\$/tube) }
\end{array} & \begin{array} { c }
\text { Quantity demanded } \
\text { (thousands of tubes) }
\end{array} & \begin{array} { c }
\text { Quantity supplied } \
\text { (thousands of tubes) }
\end{array} \
20 & 5 & 20 \
16 & 8 & 16 \
13 & 12 & 12 \
8 & 15 & 8 \
5 & 17 & 5 \
4 & 18 & 3
\end{array}$$

Question

Refer the following table showing the quantity of toothpastes that are demanded at different prices. Identify the price (as shown in the first column below in the table) that represents the market clearing. $$\begin{array} { c c c } 
\begin{array} { c } 
\text { Price } \
\text { (US\$/tube) }
\end{array} & \begin{array} { c } 
\text { Quantity demanded } \
\text { (thousands of tubes) }
\end{array} & \begin{array} { c } 
\text { Quantity supplied } \
\text { (thousands of tubes) }
\end{array} \
20 & 5 & 20 \
16 & 8 & 16 \
13 & 12 & 12 \
8 & 15 & 8 \
5 & 17 & 5 \
4 & 18 & 3
\end{array}$$

Quizplus · Accepted Answer

The Answer of Refer the following table showing the quantity of toothpastes that are demanded at different prices. Identify the price (as shown in the first column below in the table) that represents the market clearing. $$\begin{array} { c c c } 
\begin{array} { c } 
\text { Price } \
\text { (US\$/tube) }
\end{array} & \begin{array} { c } 
\text { Quantity demanded } \
\text { (thousands of tubes) }
\end{array} & \begin{array} { c } 
\text { Quantity supplied } \
\text { (thousands of tubes) }
\end{array} \
20 & 5 & 20 \
16 & 8 & 16 \
13 & 12 & 12 \
8 & 15 & 8 \
5 & 17 & 5 \
4 & 18 & 3
\end{array}$$

Refer the Following Table Showing the Quantity of Toothpastes That