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Which statement best describes the current price for the good shown in this
graph of supply and demand schedules?
Price of pizza
Supply and Demand Graph
Demand curve Supply curve
$12.50
$10.00
$7.50 Current price
$5.00
$3.00
0
100 200 300 400 500
Quantity
OA. The current price should be lowered to reflect lower demand.
B. The current price should be lowered to reflect higher supply.
C. The current price should be raised to reflect lower supply.
D. The current price reflects the point where supply and demand are blanched
Sagot :
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