Table 7-11
​
​ ​
-Refer to Table 7-11

question 110

Multiple Choice

Table 7-11
​
​
$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Price } \\\text { (Dollars per unit) }\end{array} & \begin{array} { c } \text { Quantity Demanded } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Quantity Supplied } \\\text { (Units) }\end{array} \\\hline 12.00 & 0 & 36 \\\hline 10.00 & 3 & 30 \\\hline 8.00 & 6 & 24 \\\hline 6.00 & 9 & 18 \\\hline 4.00 & 12 & 12 \\\hline 2.00 & 15 & 6 \\\hline 0.00 & 18 & 0 \\\hline\end{array}$$ ​
-Refer to Table 7-11. The equilibrium price is

• A)$10.00.
• B)$8.00.
• C)$6.00.
• D)$4.00.

---

Definitions:

Collaboration

The act of working together with one or more people in order to achieve a common goal.

New Venture

The initiation of a business or enterprise, typically characterized by its novelty, innovation, and the entrepreneurial spirit of its founders.

Fundamental Realities

Essential truths or principles that form the basis of understanding, decision-making, or action in a given context.

Acquire Expertise

The process of developing deep knowledge and skills in a specific field or activity through education and experience.