Use the Table Below to Answer the Following Questions

question 20

Multiple Choice

Use the table below to answer the following questions.
Table 3.5.3
Demand and supply schedules for designer sport t-shirts at CoolU

-Refer to Table 3.5.3.A new store opens up on the edge of campus,Great Wild North Sportswear,which has the capacity to do as much business as all the existing businesses.The quantity of t-shirts supplied doubles at each price.In addition,in a television interview,Joe Cool shows off his designer sport t-shirt,setting off a new craze that doubles business at the local sportswear establishments.The quantity of t-shirts demanded doubles at each price.The new equilibrium price is $________ and the new equilibrium quantity is ________ t-shirts per month.

• A)8;400
• B)8;200
• C)3;400
• D)12;240
• E)16;400

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Definitions:

Pink Flowers

Plants characterized by their pink-colored blossoms, which result from varying pigment concentrations and can be found in numerous species across different habitats.

Intermediate Phenotype

A phenotype that exhibits a blend or mixture of characteristics between two extremes, often seen in incomplete dominance genetic scenarios.

Incomplete Dominance

A genetic phenomenon where neither allele of a gene fully dominates the other, resulting in a phenotype that is a blend or intermediate between the two parent alleles.

Codominance

A genetic scenario where two alleles of a gene are expressed equally in the phenotype of the organism.