The Table Below Displays Hypothetical Demand and Supply Schedules for the Market

question 97

Multiple Choice

The table below displays hypothetical demand and supply schedules for the market for overnight parcel deliveries in Canada.
TABLE 3-4
-Refer to Table 3-4.The equilibrium price and quantity for overnight parcel delivery in Year 1 is ________ and ________ million parcels.

• A)$30; 80
• B)$14; 120
• C)$22; 115
• D)$10; 115
• E)$22; 130

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