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Stage 1
Answer 6 questions correctly in a row.
Incomplete answer
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Look at the graph. Then answer the question below.
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Quantity
Price
Supply and demand for couches in Oak Grove
Demandcurve
Supplycurve
The graph shows supply and demand curves for couches in Oak Grove. The point where the supply curve and the demand curve meet is called the equilibrium
point.
The price at that point is called the equilibrium
price.
In the graph above, what is the equilibrium price for couches?