Use the Following Diagram to Answer the Following Questions

question 67

Multiple Choice

Use the following diagram to answer the following questions.

-Refer to Unit. The equilibrium price and quantity of housing is:

• A) $80,000 and 10,000, respectively.
• B) $85,000 and 20,000, respectively.
• C) $90,000 and 10,000, respectively.
• D) $90,000 and 30,000, respectively.

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Definitions:

Market Segment

A collection of individuals, groups, or organizations who share one or more characteristics and thus have relatively similar product needs and desires.

Small Businesses

Companies with limited revenue and number of employees, falling below certain statutory limits.