Asked by

carmen yescas
on Nov 30, 2024

verifed

Verified

Equilibrium price is _____ and equilibrium quantity is _____ units.

A) $4,4
B) $6,10
C) $8,16
D) $8,10

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Equilibrium Quantity

The amount of products or services available and sought after at the equilibrium price, a point where the supply and demand in the market equalize.

  • Ascertain the price at equilibrium from a particular market situation.
verifed

Verified Answer

HM
HAPPINESS MBALI MARAKEDec 02, 2024
Final Answer:
Get Full Answer