Market Equilibrium Quick Check

Question

3 of 53 of 5 Items
Question
Use the table to answer the question.

Price Quantity Supplied Quantity Demanded
$10 1,000 2,500
$20 2,000 2,000
$30 3,000 1,500
$40 4,000 1,000
The equilibrium price for this market is _____.

(1 point)
Responses

$10
10 dollars

$40
40 dollars

$30
30 dollars

$20

Answer 1

$20