Figure 10-19
-Refer to Figure 10-19. How many units of the good are produced in a market equilibrium?
A)fewer than 58
B)58
C)73
D)94

Name: Figure 10-19 -Refer to Figure 10-19. How many units of the good are produced in a market equilibrium? A)fewer than 58 B)58 C)73 D)94
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Question

Figure 10-19 
-Refer to Figure 10-19. How many units of the good are produced in a market equilibrium?
A)fewer than 58 
B)58 
C)73 
D)94

Quizplus · Accepted Answer

At the market equilibrium, the quantity supplied equals the quantity demanded. In Figure 10-19, this occurs at point E, where the supply curve and demand curve intersect. The quantity produced at this point is 58 units.

Figure 10-19 -Refer to Figure 10-19. How Many Units of the Good