Market for Apples (in bushels)

PriceQuantity DemandedQuantity Supplied

10100500

8200400

6300300

4400200

2500100

In the market for apples, the equilibrium price is ____ dollars per bushel, and the equilibrium quantity is _____ bushels:

a.2; 500

b.3; 400

c.6; 300

d.10; 500

1. Next, calculate the opportunity cost x:
2. 100 units of oranges
3. 100 units of apples
4. 50 units of apples
5. 50 units of oranges

PointApples OrangesOpportunity Cost

A5000

B400100100

C300200100

D200300100

E100400x

F0500100