Table 7-3
Market Supply and Demand for Good X -Refer to Table 7-3

question 23

Multiple Choice

Table 7-3
Market supply and demand for good X
$\begin{array}{|c|c|c|}\hline \text { Price (\$) } & \text { Quantity demanded } & \text { Quantity supplied } \\\hline 12.00 & 0 & 36 \\\hline 10.00 & 12 & 30 \\\hline 8.00 & 24 & 24 \\\hline 6.00 & 36 & 18 \\\hline 4.00 & 48 & 12 \\\hline 2.00 & 60 & 6 \\\hline 0.00 & 72 & 0 \\\hline\end{array}$
-Refer to Table 7-3.The equilibrium or market-clearing price is:

• A)$10.00
• B)$8.00
• C)$6.00
• D)$4.00