1
QuizMultiple Choice
Determining Market Price
Question 1 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27
The graph shows a point of equilibrium.What does "Q” represent on the graph?
Answer
A
the point where equilibrium is achievedB
the quantity at the equilibrium pointC
the average cost of goods soldD
the point where supply and demand drop