​ ​ -Refer to Table 4-1.What Is the Equilibrium Price in the Price

question 144

Multiple Choice

​ ​
-Refer to Table 4-1.What is the equilibrium price in the example above?

• A)$9
• B)$8
• C)$7
• D)$6
• E)$5

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Definitions:

Percent

A fraction or ratio expressed as a part of 100.

Increased By

A term indicating that a specific value has been added to an original amount, resulting in a larger sum.

Amount

The total sum of money, quantities, or values in question.

Evaluate

To calculate or determine the numerical value of an expression or equation.