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What is the equilibrium price shown on this graph​

What is the equilibrium price shown on this graph​-example-1
User Rui Barradas
by
2.9k points

2 Answers

20 votes
20 votes

The answer is 4, because that's where the lines intercept.

User Maryam Azhdari
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3.2k points
24 votes
24 votes

Answer:

$4

Explanation:

The equilibrium price is the point where the two lines are equal, i.e. the point of intersection of the two lines.

Therefore, the solution is $4

User Vdvaxel
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3.0k points