New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    According to the graph on the right, the equilibrium

    price in the market before the tax is imposed is
    A $3.50 Correct Answer Incorrect Answer
    B $5.00 Correct Answer Incorrect Answer
    C $6.00 Correct Answer Incorrect Answer
    D $8.00 Correct Answer Incorrect Answer
    E $9.00 Correct Answer Incorrect Answer

    Solution

    Equilibrium price is the price where demand equals supply.

    Practice Next