Multiple Choice
The following figure illustrates the demand and supply curves for a good.
-Refer to the figure above.What is the equilibrium price and quantity of the good?
A) Equilibrium price is $40, equilibrium quantity is 20 units.
B) Equilibrium price is $60, equilibrium quantity is 10 units.
C) Equilibrium price is $60, equilibrium quantity is 20 units.
D) Equilibrium price os $80, equilibrium quantity is 30 units.
Correct Answer:

Verified
Correct Answer:
Verified
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