contestada

In the supply-and-demand schedule shown above, the equilibrium price for portable music players is _____.

$100
$150
$250

In the supplyanddemand schedule shown above the equilibrium price for portable music players is 100 150 250 class=

Respuesta :

JordanS36
$150 because the supply number is equivalent to the demand number

Answer:

$150

Explanation:

Equilibrium price occurs at the point when the supply and demand of the product equals.

For example: Quantity of pens demanded in the market is 250, and Quantity supplied in the market is 250 as well.

With the same logic we can conclude that: At $150 the demand and supply of music players equals hence, it is the equilibrium price.