TABLE 4-2 -Refer to Table 4-2. If D₂ and S₂ Represent the and S₂

question 30

Multiple Choice

TABLE 4-2

-Refer to Table 4-2. If D₂ and S₂ 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 $12 and a quantity of 12 units
• B) a price of $10 and a quantity of 12 units
• C) a price of $8 and a quantity of 15 units
• D) a price of $6 and a quantity of 18 units

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