Use the Table Below to Answer the Following Questions

question 18

Multiple Choice

Use the table below to answer the following questions.
Table 6.4.1
-Refer to Table 6.4.1.The table shows the demand and supply schedules for rice.The market for rice is in equilibrium.With a subsidy of $0.30 a box,the price of a box of rice is ________,the marginal cost of producing rice is ________ a box,and the quantity of rice produced is ________ boxes.

• A)$1.40;$1.40;2,500
• B)$1.20;$1.50;2,500
• C)$1.20;$1.50;3,000
• D)$1.50;$1.20;3,000
• E)$1.50;$1.20;2,500

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Definitions:

Interest Rate

The fraction of a monetary sum levied for the privilege of utilizing it, often indicated as a percentage per annum.

Term Deposits

A type of bank deposit that is held at a financial institution for a fixed term or period, where the money can be withdrawn only after the term ends or by giving a predetermined notice.

Purchase Date

The date on which a buyer acquires possession or ownership of an item or investment.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan amount.