Use the Table Below to Answer the Following Questions

question 64

Multiple Choice

Use the table below to answer the following questions.
Table 4.2.1
Data From Eastland
-Refer to Table 4.2.1.What is aggregate income in Eastland?

• A)$1,050
• B)$1,120
• C)$1,360
• D)$1,280
• E)$1,350

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Definitions:

Excess Supply

A market condition where the quantity of a good supplied is greater than the quantity demanded at the current price.

Equilibrium Price

The price at which the quantity of a good or service demanded meets the quantity supplied, resulting in market balance.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price level.

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Companies that provide movies over the internet, allowing users to stream or download films legally.