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20-12-2022
Social Studies

Answered

chool
science
social studies
omics and Personal Finance Sem 1
2.2.4 Quiz: Factors that Influence Supply and Demand
Question 7 of 10
Which statement best describes the current price for the good shown in this
graph of supply and demand schedules?
Price of pizza
math
Supply and Demand Graph
$12.50
$10.00
$7.50
$5.00
$3.00
0
Demand curve Supply curve
Current
price
100 200 300 400 500
Quantity
A. The current price is lower than the equilibrium price for the good.
B. The current price should be lowered to increase demand for the good
C. The current price equals the equilibrium price for the good.
D. The current price should be raised to increase supply of the good

Answer :

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