What is the equilibrium price and quantity?

Market Demand	Price	Market Supply
60	100	60
40	200	80
20	300	100
10	400	120

Equilibrium Price: _________

Equilibrium Quantity: _________

Question 2:

Graphically, an equilibrium can be found where:

A. at any price above the intersection of demand and supply curves.

B. at any price below the intersection of the demand and supply curves.

C. the intersection of the demand curve and the horizontal axis.

D. the intersection of the demand and supply curves.

Answer rating: 100% (QA)

To find the equilibrium price and quantity we need to identify the price at which the quantity deman... View the full answer