45.8k views
11 votes
Based on the demand graph and the supply graph shown above, what is the price at the point of equilibrium?

A. 100
B. 70
C. 40
D. There is not enough information given to determine the point of equilibrium

Based on the demand graph and the supply graph shown above, what is the price at the-example-1

1 Answer

3 votes

B. 70

I took the test on Edge 2022

User Machine Yearning
by
7.7k points