Use the Table Below to Answer the Following Questions

question 20

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.In addition,in a television interview,Joe Cool shows off his designer sport t-shirt,setting off a new craze that doubles business at the local sportswear establishments.The quantity of t-shirts demanded doubles at each price.The new equilibrium price is $________ and the new equilibrium quantity is ________ t-shirts per month.

• A)8;400
• B)8;200
• C)3;400
• D)12;240
• E)16;400

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Definitions:

Parent-Child Attachments

The deep emotional bond that develops between a child and their caregiver, influencing the child's development and future relationships.

Adopted

Relates to having chosen or accepted something, often referring to a legal process where someone chooses to become the parent of a child who is not biologically theirs.

Psychosocial Development

A theory that describes the stages of psychological and social development through which individuals pass from infancy to adulthood.

Identity

A concept referring to a person's perception of self, in terms of distinguishing characteristics, values, and social relations that give individuals a sense of who they are.