Use the following to answer question(s): Net Benefit

-(Exhibit: Net Benefit) The equilibrium price will be _______ and the equilibrium quantity will be ________.
A) OI; OH
B) OA: OH
C) OB; OE
D) OI; OE

Question

Use the following to answer question(s): Net Benefit
 
-(Exhibit: Net Benefit) The equilibrium price will be _______ and the equilibrium quantity will be ________.
A) OI; OH 
B) OA: OH 
C) OB; OE 
D) OI; OE

Quizplus · Accepted Answer

The point where the supply and demand curves intersect is the equilibrium point. In the exhibit, the supply and demand curves intersect at point E, where the price is OB and the quantity is OE. Therefore, the equilibrium price will be OB and the equilibrium quantity will be OE.

Use the Following to Answer Question(s): Net Benefit