Price
100
1 Price
100
Derman (D)
Supply (S)
80
60
6...
Mathematics, 10.04.2021 01:00 19deleonl
Price
100
1 Price
100
Derman (D)
Supply (S)
80
60
60
40
40
20
20
20
40
Based on the demand graph and the supply graph shown above, what is the price at the point of equilibrium?
a.
100
b. 70
C. 40
d. There is not enough information given to determine the point of equilibrium
Answers: 3
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