Table 4-6

$$\begin{array} { | c | c | c | }
\hline \begin{array} { c }
\text { Price } \
\text { (Dollars per unit) }
\end{array} & \begin{array} { c }
\text { Quantity Demanded } \
\text { (Units) }
\end{array} & \begin{array} { c }
\text { Quantity Supplied } \
\text { (Units) }
\end{array} \
\hline 15 & 10 & 60 \
\hline 12 & 20 & 45 \
\hline 9 & 30 & 30 \
\hline 6 & 40 & 15 \
\hline 3 & 50 & 0 \
\hline
\end{array}$$
-Refer to Table 4-6. The equilibrium price and quantity, respectively, are
A)$6 and 45 units.
B)$9 and 30 units.
C)$9 and 40 units.
D)$12 and 30 units.

Question

Table 4-6
​
​
 $$\begin{array} { | c | c | c | } 
\hline \begin{array} { c } 
\text { Price } \
\text { (Dollars per unit) }
\end{array} & \begin{array} { c } 
\text { Quantity Demanded } \
\text { (Units) }
\end{array} & \begin{array} { c } 
\text { Quantity Supplied } \
\text { (Units) }
\end{array} \
\hline 15 & 10 & 60 \
\hline 12 & 20 & 45 \
\hline 9 & 30 & 30 \
\hline 6 & 40 & 15 \
\hline 3 & 50 & 0 \
\hline
\end{array}$$ ​
-Refer to Table 4-6. The equilibrium price and quantity, respectively, are
A)$6 and 45 units.
B)$9 and 30 units.
C)$9 and 40 units.
D)$12 and 30 units.

Quizplus · Accepted Answer

The equilibrium price and quantity are determined where the quantity demanded equals the quantity supplied, which is at $9 and 30 units, respectively.

Table 4-6 ​ ​ ​ -Refer to Table 4-6

Table 4-6

-Refer to Table 4-6