Use the Table Below to Answer the Following Questions

question 80

Multiple Choice

Use the table below to answer the following questions.
Table 3.5.3
Demand and supply schedules for designer sport t-shirts at CoolU

-Refer to Table 3.5.3.A new store opens up on the edge of campus,Great Wild North Sportswear,which has the capacity to do as much business as all the existing businesses.The quantity of t-shirts supplied doubles at each price.The new equilibrium price is $________ and the new equilibrium quantity is ________ t-shirts per month.

• A)8;400
• B)3;300
• C)0;400
• D)16;200
• E)4;400

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Definitions:

Escrow Agent

A neutral third party responsible for holding and regulating the payment of the funds required for two parties in a transaction.

Notary Public

An official authorized to witness the signing of documents and certify their authenticity for legal purposes.

Paralegal

A legal assistant who performs tasks such as research and documentation under the supervision of an attorney.

Title Examination

The process of reviewing public records to determine the legal ownership of property and to identify any claims, liens, or encumbrances on it.