The Equilibrium Price and Quantity in Figure 3

question 83

Multiple Choice

The equilibrium price and quantity in Figure 3.2 are,respectively, Figure 3.2 Supply and Demand

• A)$9 and 30 units.
• B)$6 and 20 units.
• C)$12 and 20 units.
• D)$12 and 40 units.

---

Definitions:

Surnames

The family or last names inherited from one’s parents or ancestors, typically used as a means of identification.

Servitude

The state of being under the obligation to serve another person or being subject to some form of forced labor.

New Sweden

New Sweden was a Swedish colony in North America, established during the 17th century, located in parts of present-day Delaware, New Jersey, and Pennsylvania.

English Colony

A territory under the administrative control of England or Great Britain, established during the period of European colonization, primarily in the Americas, Africa, and Asia.