The Table Below Gives the Quantity of a Product Demanded

question 147

Multiple Choice

The table below gives the quantity of a product demanded and the quantity supplied for various prices. Solve the
problem.
-Find the market equilibrium price. $$\begin{array} { l | l | l } \text { Price (dollars) } & \text { Quantity Demanded } & \text { Quantity Supplied } \\\hline 100 & 250 & 0 \\120 & 210 & 40 \\140 & 170 & 80 \\160 & 130 & 120 \\180 & 90 & 160\end{array}$$

• A) $162.50
• B) $167.50
• C) $125.00
• D) $157.50

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Definitions:

Parasite

A living entity that resides within or on a host organism, deriving its nourishment to the detriment of the host.

Lichen

Symbiotic organisms composed of a fungus and a photosynthetic partner (usually an alga or cyanobacterium) that live together and function as a single ecological unit.

Benefit From Each Other

A situation or relationship in which all parties involved gain advantages or positives from their association or interaction.

Plant Parasites

Organisms that derive nutrients at the expense of plants, often causing harm to their plant hosts.