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Use the Table Below to Answer the Following Questions

question 53

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Use the table below to answer the following questions.
Table 3.5.3 Use the table below to answer the following questions. Table 3.5.3   -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) 12; 240 B) 8; 400 C) 3; 400 D) 16; 400 E) 8; 200
-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.

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Definitions:

Valley Forge

The military camp in southeastern Pennsylvania where the American Continental Army spent the winter of 1777–1778 during the American Revolutionary War, becoming a symbol of endurance and resilience.

Philadelphia

A city in Pennsylvania, known for its rich history in the founding of the United States.

Military Capacity

The overall ability of a nation's armed forces to conduct warfare, including aspects like strength, readiness, and technological sophistication.

French Treaties

Agreements made by France with other countries, which could range from alliances, trade agreements, to peace settlements.

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