Table 4-1 -Refer to the Table 4-1

question 233

Multiple Choice

Table 4-1
$$\begin{array} { l | l | l } \hline \text { PRICE } & \text { QUANTITY DEMANDED } & \text { QUANTITY SUPPLIED } \\\hline \$ 10 & 10 & 60 \\\hline \$ 8 & 20 & 45 \\\hline \$ 6 & 30 & 30 \\\hline \$ 4 & 40 & 15 \\\hline \$ 2 & 50 & 0\end{array}$$
-Refer to the Table 4-1.What would the equilibrium price and quantity be?

• A)$4 and 40
• B)$6 and 30
• C)$8 and 30
• D)$10 and 35

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Definitions:

Inventory Investment

The net change in physical inventory levels for businesses over a certain period, indicating how much companies are spending to stock goods.

Inventory

The complete quantity of products and materials kept in inventory by a company, meant for sale or to be used in manufacturing.

Interest Rate

The piece of a loan that accumulates interest for the borrower, often specified as a yearly percentage of the loan's existing outstanding balance.

Marginal Efficiency

Marginal efficiency refers to the rate of return or profit expected from an additional unit of investment.