-In Figure 3-8,using the supply and demand curves denoted S₁ and D₁,respectively,the equilibrium price and quantity are A) $100 and 50,000 B) $100 and 100,000 C) $120 and 50,000 D) $120 and 75,000 E) $120 and 100,000

Question

Quizplus · Accepted Answer

The equilibrium price and quantity are the point where the supply and demand curves intersect. In this case, the equilibrium price is $100 and the equilibrium quantity is 50,000.

-In Figure 3-8,using the Supply and Demand Curves Denoted S1

-In Figure 3-8,using the Supply and Demand Curves Denoted S₁