Figure 10-20.
-Refer to Figure 10-20. The graph depicts the market for fertilizer. Without any government regulation, what is the equilibrium price of fertilizer?
A)$100
B)$200
C)$250
D)$300

Question

​Figure 10-20. ​ 
-Refer to Figure 10-20. The graph depicts the market for fertilizer. Without any government regulation, what is the equilibrium price of fertilizer?
A)$​100 
B)$200 
C)$250 
D)​$300

Quizplus · Accepted Answer

The equilibrium price of fertilizer is the point where the supply and demand curves intersect. In this case, that point is at a price of $250, as shown by the intersection of the red (supply) and blue (demand) curves.

​Figure 10-20. ​

Figure 10-20.