TABLE 4-2 -Refer to Table 4-2. If D₂ and S₁ Represent the and S₁

question 25

Multiple Choice

TABLE 4-2

-Refer to Table 4-2. If D₂ 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 $12 and a quantity of 10 units
• B) a price of $12 and a quantity of 9 units
• C) a price of $10 and a quantity of 17 units
• D) a price of $8 and a quantity of 15 units

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