Equilibrium price is _______ and equilibrium quantity is ______.

A) $40;120
B) $30;120
C) $30;100
D) $20;100
E) $20;50

Equilibrium Price

The equilibrium price is the price at which the quantity of goods suppliers are willing to supply matches the quantity of goods consumers are willing to buy, leading to market equilibrium.

Equilibrium Quantity

The amount of products or services available and sought after at the balance price in a marketplace.