Use the Table Below to Answer the Following Questions

question 161

Multiple Choice

Use the table below to answer the following questions.
Table 3.4.1

-In Table 3.4.1,the equilibrium price is

• A)$7 a unit.
• B)$5 a unit.
• C)$4 a unit.
• D)$3 a unit.
• E)$1 a unit.

---

Definitions:

Gross Margin Ratio

A financial metric that shows the proportion of revenue that exceeds the cost of goods sold, indicating the efficiency of production and sales.