Question

determining market price
instruction active
determining equilibrium price
daily market for graphic tees at the clothing shop
use the information presented in the curve to answer
the following question
what is the equilibrium price for the product?
$25
$20
$15
$10

Explanation:

The equilibrium price is the price at which the quantity supplied equals the quantity demanded, which is where the supply and demand curves intersect. From the graph, the intersection point has a price of $20.

Answer:

B. $20