-The Above Table Shows the Demand Schedule and Supply Schedule

question 493

Multiple Choice

-The above table shows the demand schedule and supply schedule for chocolate chip cookies. What is the equilibrium quantity and equilibrium price for chocolate chip cookies?

• A) 7 pounds, $3.00 per pound
• B) 2 pounds, $3.00 per pound
• C) 2 pounds, $6.00 per pound
• D) 4 pounds, $5.00 per pound