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gnment Score: 1575/2200 Hint Resources Check Answer ion 18 of 22> he table contains information on the price per month and the monthly demand and supply of online music streaming ubscriptions. Price $11.00 $11.20 $11.40 $11.60 Quantity demanded (thousands) 550 490 450 400 Quantity supplied (thousands) 400 420 450 520 What are the equilibrium price and quantity? Equilibrium price: $ thousand subscriptions Equilibrium quantity: privacy policy terms of use contact us help about us careers Y W
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Answer #1

Equilibrium is attained where quantity demanded is equal to quantity supplied.

Equilibrium price = $ 11.40 because Qd = Qs at this price.

Equilibrium quantity = 450 units because Qd = Qs

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