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-The Above Table Gives the Market Demand and Market Supply

Question 252

Multiple Choice

-The above table gives the market demand and market supply schedules for soda. There are no external benefits or external costs. What is the efficient quantity of soda? A) 1400 B) 1000 C) 600 D) It is impossible to determine the efficient quantity without more information.
-The above table gives the market demand and market supply schedules for soda. There are no external benefits or external costs. What is the efficient quantity of soda?


A) 1400
B) 1000
C) 600
D) It is impossible to determine the efficient quantity without more information.

Correct Answer:

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