Question: Figure 1: Quantity Demanded Quantity Supplied 10 50 20 40 30 30 40 20 50 10 11. Refer to Figure 1. The market equilibrium is

Figure 1: Quantity Demanded Quantity Supplied 10 50 20 40 30

Figure 1: Quantity Demanded Quantity Supplied 10 50 20 40 30 30 40 20 50 10 11. Refer to Figure 1. The market equilibrium is characterized by: a) Price = $4; Quantity = 20 b] Price = $3; Quantity = 30 c] Price = $2 ; Quantity = 20 d) Price = $1; Quantity = 50

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