Question: Equilibrium price is ________. a) below $8 b) $8 c) between $8 and $10 d) above $10 Price ($) 20 16 12 8 4 0

Equilibrium price is ________. 

Price ($) 20 16 12 8 4 0 2 4 6 6

a) below $8

b) $8

c) between $8 and $10

d) above $10

Price ($) 20 16 12 8 4 0 2 4 6 6 Figure 1 10 10 12 14 16 18 20 Quantity 8 8 D S.

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