11.In the market represented by the chart above, the market equilibrium
occurs where:
- price = 2 and quantity = 9.
- price = 4 and quantity = 7.
- price = 2 and quantity = 6.
- price = 5 and quantity = 15.
- price = 2 and quantity = 12.
|
| Market Data |
| Price |
Quantity Supplied |
Quantity Demanded |
| 0 |
0 |
10 |
| 1 |
3 |
8 |
| 2 |
6 |
6 |
| 3 |
9 |
4 |
| 4 |
12 |
2 |
| 5 |
15 |
0 |
|
