Figure 4.2.1
-In Figure 4.2.1, the quantity bought and sold at the equilibrium price is
A) 200.
B) 180.
C) 420.
D) 500.
E) none of the above.

Question

Figure 4.2.1
-In Figure 4.2.1, the quantity bought and sold at the equilibrium price is
A) 200. 
B) 180. 
C) 420. 
D) 500. 
E) none of the above.

Quizplus · Accepted Answer

At the equilibrium price, the quantity bought and sold is where the supply and demand curves intersect. In this graph, that point is at a price of $10 and a quantity of 500. Therefore, the correct answer is D) 500.

Figure 4.2.1 -In Figure 4.2.1, the Quantity Bought and Sold at the at the Equilibrium