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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.
30
60
90
120
150
180
210
$3.00
$4.50
$6.00
$7.50
$9.00
$10.50
$12.00
Quantity(gallons)
Price
Supply and demand for ice cream in Greenwood
Demandcurve
Supplycurve
The graph shows supply and demand curves for ice cream in Greenwood. 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 a gallon of ice cream?