-Equilibrium Price Is _______ and Equilibrium Quantity Is ______

question 193

Multiple Choice

$$\begin{array} { c c c } \text { Price } & \text { Quantity } & \text { Quantity } \\& \text { Demanded } & \text { Supplied } \\\$ 10 & 24 & 42 \\8 & 30 & 30 \\6 & 36 & 22 \\4 & 42 & 12 \\2 & 48 & 4\end{array}$$
-Equilibrium price is _______ and equilibrium quantity is ______.
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• A)$10;36
• B)$8;30
• C)$8;22
• D)$6;29
• E)$6;30

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Definitions:

Unemployment Benefits

Financial payments made by the government to individuals who are unemployed and seeking work.

Labor Force

The labor force comprises all individuals above a certain age who are either employed or actively seeking employment, representing the available workforce for an economy.

Discouraged Workers

Discouraged workers are individuals who are not actively seeking employment due to believing that no jobs are available for them or that they would not qualify for those that are.

Disinflation

A slowdown in the rate of inflation, indicating a deceleration in the pace at which prices for goods and services rise.