For the Aggregate Demand and Aggregate Supply Listed in Schedule

question 134

Multiple Choice

For the aggregate demand and aggregate supply listed in schedule #3 of the table given below,the equilibrium output level and price level are:
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Table 10.1
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$$\begin{array} { c c c c c } \begin{array} { c } \text { Quantity of } \\\text { Aggregate Output } \\\text { Demanded }\end{array} & \begin{array} { c } \text { Price } \\\text { Level }\end{array} &\#1& \begin{array} { c } \text { Quantity of } \\\text { Aggregate Output Supplied } \\\# 2\end{array} & \# 3 \\\hline \$ 7.0 & 110 & \$ 5.0 & \$ 6.0 & \$ 4.0 \\6.5 & 120 & 5.5 & 6.5 & 4.5 \\6.0 & 130 & 6.0 & 7.0 & 5.0 \\5.5 & 140 & 6.5 & 7.5 & 5.5 \\5.0 & 150 & 7.0 & 8.0 & 6.0\end{array}$$
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• A)$7.0 and 110,respectively.
• B)$6.5 and 120,respectively.
• C)$6.0 and 130,respectively.
• D)$5.5 and 140,respectively.
• E)$5.0 and 150,respectively.

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