(Table) According to the Table, the Equilibrium Price Is _____

question 45

Multiple Choice

(Table) According to the table, the equilibrium price is _____, and the equilibrium output is _____ units. $$\begin{array} { l c c } \text { Price } & \begin{array} { c } \text { Quantity } \\\text { Demanded }\end{array} & \begin{array} { c } \text { Quantity } \\\text { Supplied }\end{array} \\\$ 15 & 40 & 80 \\\$ 12 & 50 & 70 \\\$ 10 & 60 & 60 \\\$ 7 & 70 & 50 \\\$ 5 & 80 & 40\end{array}$$

• A) $12; 70
• B) $15; 40
• C) $10; 60
• D) $12; 60

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