A new CD is being marketed to teens at a price of $20. The suppliers are selling all of the CDs they have, and the teens are get
ting all of the CDs they are demanding, so $20 could be defined as the CD's. a. average price b. equilibrium price c. maximum price d. minimum price
2 answers:
Out of the choices given, $20 can be defined as the CD's equilibrium price. The correct answer is B, equilibrium price.
I believe the answer is B. equilibrium price
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700 x 5 = 3500
30 x 5 = 150
7 x 5 = 35
3500 + 150 +35 = 3685
700 x 200 = 140,000
30 x 200 = 6000
7 x 200 = 1400
140000 + 6000 + 1400 = 147400
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