The Following Table Shows the Market Demand Schedule and Supply

question 39

Multiple Choice

The following table shows the market demand schedule and supply schedule for notebooks.

-Refer to the table above.What is the equilibrium price of notebooks?

• A) $2
• B) $4
• C) $6
• D) $7

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Definitions:

Centimeters

A unit of length in the metric system equal to one-hundredth of a meter, commonly used to measure small distances or the height of objects.

Inches

A unit of measurement in the Imperial and United States customary systems, equal to 1/12 of a foot.

Gigabytes (GB)

A unit of storage capacity in digital computing and telecommunications, equivalent to approximately 1 billion bytes or 1,000 megabytes.

Bytes

Bytes are a unit of digital information storage, typically consisting of 8 bits, used to encode a single character of text in a computer.