-Refer to the above graph to answer this question.In an unregulated market,what would be the equilibrium price and quantity?
A)$30 and 500.
B)$40 and 800.
C)$50 and 700.
D)$50 and 900.
E)$60 and 800.

Question

-Refer to the above graph to answer this question.In an unregulated market,what would be the equilibrium price and quantity?
A)$30 and 500. 
B)$40 and 800. 
C)$50 and 700. 
D)$50 and 900. 
E)$60 and 800.

Quizplus · Accepted Answer

In an unregulated market, the equilibrium price and quantity are determined where the supply and demand curves intersect. Choice B, $40 and 800, correctly identifies this intersection point, indicating the equilibrium price is $40, and the equilibrium quantity is 800 units.

-Refer to the Above Graph to Answer This Question