Price $40- 35 30- 25 20 15 10 5 100 200 300 400 500 600 700 800 Quantity Refer to the Figure 4-2. What are the equilibrium price and quantity? O a. $15 and 200 b. $15 and 600 O c. $25 and 400 O d. $35 and 200

Price $40- 35 30- 25 20 15 10 5 100 200 300 400 500 600 700 800 Quantity Refer to the Figure 4-2. What are the equilibrium price and quantity? O a. $15 and 200 b. $15 and 600 O c. $25 and 400 O d. $35 and 200

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Price
$40-
35
30-
25
20
15
10-
5
100 200 300 400 500 600 700 800 Quantity
Refer to the Figure 4-2. What are the equilibrium price
and quantity?
O a. $15 and 200
b.
$15 and 600
O c.
$25 and 400
O d.
$35 and 200

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