TABLE 4-2 -Refer to Table 4-2. If D₁ and S₁ Represent the and S₁

question 94

Multiple Choice

TABLE 4-2

-Refer to Table 4-2. If D₁ and S₁ represent the demand and supply schedules in a particular market, then what are the equilibrium price and quantity in that market?

• A) a price of $8 and a quantity of 15 units
• B) a price of $6 and a quantity of 13 units
• C) a price of $4 and a quantity of 16 units
• D) a price of $4 and a quantity of 11 units

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