# Microeconomics help!(2-9)

1. Oct 9, 2011

### davie08

Microeconomics help!(2-5)

1. The problem statement, all variables and given/known data
refer to table:

In a free-market economy, according to the rationing function of prices, the market price and quantity will adjust to:
Answer

a)$10 and 2,000 units. b)$15 and 1,600 units.

c)$20 and 900 units. d)$25 and 1,200 units.

2. Relevant equations

3. The attempt at a solution

I would just guess that it might be A because it produces the most units for the least price.

Last edited: Oct 9, 2011
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Can you offer guidance or do you also need help?