Use the Following to Answer Question(s): Demand and Supply Schedules

question 101

Multiple Choice

Use the following to answer question(s) : Demand and Supply Schedules for a Good

-(Exhibit: Demand and Supply Schedules for a Good.) If there were an increase in demand by 50 units at each price, the equilibrium price and quantity would be ________ and ________ units, respectively.

• A) $2.00; 310
• B) $2.50; 295
• C) $3.00; 290
• D) $3.50; 250

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