$\text { Figure } 3-10$$$\begin{array} { | c c c | }

\hline \begin{array} { c }
\text { Price } \
\text { Per Pair }
\end{array} & \begin{array} { c }
\text { Quantity } \
\text { Demanded }
\end{array} & \begin{array} { c }
\text { Quantity } \
\text { Supplied }
\end{array} \
\hline \$ 2 & 18 & 3 \
\$ 4 & 14 & 4 \
\$ 6 & 10 & 5 \
\$ 8 & 6 & 6 \
\$ 10 & 2 & 8 \
\hline
\end{array}$$
-In the supply and demand schedules in Figure 3-10,the equilibrium quantity of socks is
A) 15 pairs
B) 10 pairs
C) 13 pairs
D) 6 pairs
E) 1 pair

Question

$\text { Figure } 3-10$$$\begin{array} { | c c c | }

\hline  \begin{array} { c } 
\text { Price } \
\text { Per Pair }
\end{array} & \begin{array} { c } 
\text { Quantity } \
\text { Demanded }
\end{array} & \begin{array} { c } 
\text { Quantity } \
\text { Supplied }
\end{array} \
\hline \$ 2 & 18 & 3 \
\$ 4 & 14 & 4 \
\$ 6 & 10 & 5 \
\$ 8 & 6 & 6 \
\$ 10 & 2 & 8 \
\hline
\end{array}$$
-In the supply and demand schedules in Figure 3-10,the equilibrium quantity of socks is
A) 15 pairs
B) 10 pairs
C) 13 pairs
D) 6 pairs
E) 1 pair

Quizplus · Accepted Answer

The equilibrium quantity is where quantity demanded equals quantity supplied, which is at 6 pairs.

Figure 3−10\text { Figure } 3-10 Figure 3−10 -In the Supply and Demand Schedules in Figure 3-10,the Equilibrium

$\text { Figure } 3-10$ -In the Supply and Demand Schedules in Figure 3-10,the Equilibrium