Figure 3-10 -Figure 3-10 Illustrates the Conditions of Demand and Supply in and Supply

question 79

Multiple Choice

Figure 3-10
-Figure 3-10 illustrates the conditions of demand and supply in the market for compact discs. Indicate the equilibrium price and quantity.

• A) price, $20; quantity, 2,000
• B) price, $15; quantity, 3,000
• C) price, $10; quantity, 2,000
• D) price, $10; quantity, 4,000

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