-The Above Table Shows the Demand Schedule and Supply Schedule

question 67

Multiple Choice

-The above table shows the demand schedule and supply schedule for almond oil. An increase in consumers' income results in an increase in the demand for almond oil by an amount of 3 litres at every price. What are the new equilibrium quantity and equilibrium price?

• A) 5 litres, $4.00 per litre
• B) 5 litres, $5.00 per litre
• C) 4 litres, $5.00 per litre
• D) 5 litres, $6.00 per litre

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Definitions:

Digitizer

A device or component that converts analog signals into digital form, often used in screens to detect touch inputs.

MIDI

Musical Instrument Digital Interface, a protocol designed for recording and playing back music on digital synthesizers.

Synthesized Music

Music created or modified by electronic devices or software through the manipulation of sound waves, enabling the production of new sounds and textures.

Scanner Glass

The flat surface on a scanner where documents or photos are placed for scanning, beneath which the scanning mechanism moves.