Exhibit 4-9 Data on Supply and Demand -In Exhibit 4-9 the Equilibrium Price and Quantity in the r

question 247

Multiple Choice

Exhibit 4-9 Data on supply and demand $$\begin{array} { | r | c | c | } \hline \text { Price } & \begin{array} { c } \text { Quantity } \\\text { Demanded }\end{array} & \begin{array} { c } \text { Quantity } \\\text { Supplied }\end{array} \\\hline \$ 2.00 & 100 & 300 \\1.50 & 150 & 250 \\1.00 & 200 & 200 \\0.50 & 250 & 150 \\\hline\end{array}$$
-In Exhibit 4-9 the equilibrium price and quantity in the market are:

• A) $5.50, 200.
• B) $1.50, 300.
• C) $2.00, 100.
• D) $1.00, 200.

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