-Refer to the Above Table

question 128

Multiple Choice

-Refer to the above table. The equilibrium price of tablets is

• A) $500.
• B) $550.
• C) $650.
• D) $700.

---

Definitions:

Earrings

Jewelry pieces designed to be worn on the earlobes, often as a fashion accessory.

Income

An economic term that refers to the money received, usually on a regular basis, for work or through investments.

Price

The amount of money required to purchase a good or service, determined by supply and demand dynamics in the market.

Demand Function

A mathematical expression describing the relationship between the quantity demanded of a good and factors that influence it, such as price, income, and prices of related goods.