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The Following Figure Illustrates the Demand and Supply Curves for a Good

Question 72

Multiple Choice

The following figure illustrates the demand and supply curves for a good.
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.
-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.

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