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Homework answers / question archive / Price $20 18 16 14 12 10 6 4 2 O 10 20 30 40 50 60 70 80 90 100 Quantity Refer to the Figure above
Price $20 18 16 14 12 10 6 4 2 O 10 20 30 40 50 60 70 80 90 100 Quantity Refer to the Figure above. What is the equilibrium price and quantity, respectively? A)14; 50 B) 12; 40 C) 10; 50 D) 8; 70 Lütfen birini seçin: A. B. . C. D. Sunnnce ench firm narating in competitive market has the following coct.cc. in a
Answer is C. 10 ; 50
Equilibrium price and quantity is decided where demand curve and supply curve intersects. Price is decided on vertical axis and equilibrium quantity decided on X-axis.
Here price on vertical axis is $10 and equilibrium quantity is 50.
