Use the table below to answer the following questions.
Table 3.5.1
The Market for Car-Seat Heaters

-Refer to Table 3.5.1.The equilibrium price is $________ and the equilibrium quantity is ________ heaters per month.
A)80;500
B)80;300
C)50;450
D)50;350
E)60;400

Question

Use the table below to answer the following questions.
Table 3.5.1
The Market for Car-Seat Heaters
 
-Refer to Table 3.5.1.The equilibrium price is $________ and the equilibrium quantity is ________ heaters per month.
A)80;500 
B)80;300 
C)50;450 
D)50;350 
E)60;400

Quizplus · Accepted Answer

The equilibrium price and quantity occur where the quantity demanded equals the quantity supplied. Based on the options, $60 and 400 heaters per month is the equilibrium point.

Use the Table Below to Answer the Following Questions