Exhibit 4-10 Supply and Demand Data for Apricots -In Exhibit 4-10, the Equilibrium Price Is:
A) $1

Exhibit 4-10 Supply and demand data for apricots $$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Bushels demanded } \\\text { per month }\end{array} & \begin{array} { c } \text { Price per } \\\text { bushel }\end{array} & \begin{array} { c } \text { Bushels supplied } \\\text { per month }\end{array} \\\hline 50 & \$ 5 & 80 \\55 & 4 & 75 \\60 & 3 & 70 \\65 & 2 & 65 \\70 & 1 & 55 \\\hline\end{array}$$
-In Exhibit 4-10, the equilibrium price is:

A) $1.
B) $2.
C) $3.
D) $4.

Correct Answer:

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