Figure 10-20.
-Refer to Figure 10-20. The graph depicts the market for fertilizer. Without any government regulation, how much fertilizer will be produced?
A)100 units
B)200 units
C)250 units
D)300 units

Question

​Figure 10-20. ​ 
-Refer to Figure 10-20. The graph depicts the market for fertilizer. Without any government regulation, how much fertilizer will be produced?
A)​100 units 
B)200 units 
C)250 units 
D)​300 units

Quizplus · Accepted Answer

The equilibrium quantity is found at the intersection of the supply and demand curves. At this point, the quantity supplied equals the quantity demanded, and there is no shortage or surplus. In this case, the equilibrium quantity is 250 units.

​Figure 10-20. ​

Figure 10-20.