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Kobotan [32]
3 years ago
8

The graph above shows how the price of video games varies with the demand quantity. The equilibrium _____ is $50, and the equili

brium _____ is 200 video games.
A. price, quantity
B. quantity, price
Business
1 answer:
cricket20 [7]3 years ago
3 0
<span>The graph above shows how the price of video games varies with the demand quantity. The equilibrium price is $50, and the equilibrium quantity is 200 video games.

Answer choice:

</span>A. price, quantity

Concept:

<span>Equilibrium is the point where supply and demand meet and the prices are set. Because the price is set as equilibrium.
</span>The quantity demanded is the amount of a product people are willing to buy at a certain<span> price.</span>
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