Refer to the Table Below for the Following Question

question 7

Multiple Choice

Refer to the table below for the following question.
Table 3.4.2

-Refer to Table 3.4.2.The table shows the demand and supply schedules for shampoo.Choose the correct statement.

• A)The equilibrium price is $8 a bottle.
• B)The equilibrium price is an unknown amount between $6 and $10 a bottle.
• C)The equilibrium quantity is 100 bottles a week.
• D)The equilibrium quantity is 140 bottles a week.
• E)There is no equilibrium in this market.

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