Use the following to answer questions: Table: Equilibrium Adjustment $$\begin{array} { c c c }
\hline \text { Price } & \text { Quantity Demanded } & \text { Quantity Supplied } \
\hline \$ 10 & 100 & 160 \
8 & 120 & 145 \
6 & 130 & 130 \
4 & 140 & 115 \
2 & 150 & 100 \
\hline
\end{array}$$
-(Table: Equilibrium Adjustment) Refer to the table. The equilibrium price is:
A) $2.
B) $4.
C) $6.
D) $8.

Question

Use the following to answer questions: Table: Equilibrium Adjustment $$\begin{array} { c c c } 
\hline \text { Price } & \text { Quantity Demanded } & \text { Quantity Supplied } \
\hline \$ 10 & 100 & 160 \
8 & 120 & 145 \
6 & 130 & 130 \
4 & 140 & 115 \
2 & 150 & 100 \
\hline
\end{array}$$
-(Table: Equilibrium Adjustment) Refer to the table. The equilibrium price is:
A) $2.
B) $4.
C) $6.
D) $8.

Quizplus · Accepted Answer

The equilibrium price is where quantity demanded equals quantity supplied, which occurs at $6 with both quantities at 130.

Use the Following to Answer Questions: Table: Equilibrium Adjustment -(Table: Equilibrium Adjustment) Refer to the Table