Figure 9-12
-Refer to Figure 9-12.Equilibrium price and equilibrium quantity without trade are
A)$54 and 800.
B)$54 and 1,600.
C)$42 and 800.
D)$42 and 1,200.

Question

Figure 9-12 
-Refer to Figure 9-12.Equilibrium price and equilibrium quantity without trade are
A)$54 and 800. 
B)$54 and 1,600. 
C)$42 and 800. 
D)$42 and 1,200.

Quizplus · Accepted Answer

The equilibrium price and quantity without trade are determined where the supply and demand curves intersect. According to the given options, $42 and 1,200 is the correct intersection point.

Figure 9-12 -Refer to Figure 9-12.Equilibrium Price and Equilibrium Quantity Without Trade