Use the Table Below to Answer the Following Questions

question 130

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.The equilibrium price is $________ and the equilibrium quantity is ________ t-shirts per month.

• A)6;200
• B)7;220
• C)8;180
• D)8;220
• E)8;200

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Definitions:

Trust Fund

A legal arrangement through which assets are held by a third party for the benefit of another party or parties.

Compounded Quarterly

The process in which interest is calculated and added to the principal amount every quarter of the year.

Deposits

Money placed into a bank account or given as a security for a contractual agreement.

Semi-annually

Occurring twice a year, typically every six months.