The table below shows the daily market demand and supply schedules for loaves of bread in a competitive local market:
Price (\text{N}) Quantity Demanded (loaves) Quantity Supplied (loaves)
$10$ $100$ $20$
$20$ $80$ $40$
$30$ $60$ $60$
$40$ $40$ $80$
$50$ $20$ $100$
What is the market equilibrium price and quantity?

Question

The table below shows the daily market demand and supply schedules for loaves of bread in a competitive local market:

What is the market equilibrium price and quantity?

Accepted Answer

$	ext{N}30$ and $60$ loaves

Question