Figure 3.4

-Refer to Figure 3.4. How many units will be sold at the equilibrium price?
A)700
B)600
C)400
D)300

Question

Figure 3.4
 
-Refer to Figure 3.4. How many units will be sold at the equilibrium price?
A)700 
B)600 
C)400 
D)300

Quizplus · Accepted Answer

At the equilibrium price, the quantity demanded by consumers equals the quantity supplied by producers. This point is where the demand and supply curves intersect. Without seeing Figure 3.4, we cannot determine the exact number of units. However, based on the question, if option B (600 units) is presented as a correct answer, it implies that at the equilibrium price, 600 units will be sold, balancing the quantity demanded and supplied.

Figure 3.4 -Refer to Figure 3.4. How Many Units Will Be Sold