​Exhibit 3-12 Supply and Demand Data
​ -In Exhibit 3-12 the Equilibrium Price and Quantity in the c

question 175

Multiple Choice

​Exhibit 3-12 Supply and demand data
​ $$\begin{array} { | c | c | c | } \hline \text { Price } & \begin{array} { c } \text { Quantity } \\\text { Demanded }\end{array} & \begin{array} { c } \text { Quantity } \\\text { Supplied }\end{array} \\\hline \$ 1.00 & 250 & 150 \\1.50 & 200 & 200 \\2.00 & 150 & 250 \\2.50 & 100 & 300 \\\hline\end{array}$$
-In Exhibit 3-12 the equilibrium price and quantity in the market are:

• A) $1.00, 200.
• B) ?$1.50, 400.
• C) ? $2.00, 100.
• D) ?$1.50, 200.

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Definitions:

Basic Needs

Fundamental requirements necessary for individuals to live a healthy and comfortable life, such as food, water, shelter, and clothing.

Failure

Failure refers to the state or condition of not meeting a desirable or intended objective, and can be seen as an opportunity for learning and growth.

Semi-Peripheral

Refers to countries that occupy an intermediate position in the global economic system, neither fully core nor fully peripheral.

Core Regions

Areas that dominate a country or region's economy, politics, and culture, often having advanced technological development and high levels of productivity.