Use the following to answer questions:
Figure: Chocolate
-(Figure: Chocolate) What is the equilibrium price per pound in the diagram?
A) $4
B) $6
C) $8
D) $10

Question

Use the following to answer questions:
Figure: Chocolate 
-(Figure: Chocolate) What is the equilibrium price per pound in the diagram?
A) $4 
B) $6 
C) $8 
D) $10

Quizplus · Accepted Answer

The point where the demand curve and supply curve intersect is the equilibrium point where the market clears, which is at a price of $8 per pound. Therefore, C is the correct answer.

Use the Following to Answer Questions