Answer the Question on the Basis of the Following Table,which

question 71

Multiple Choice

Answer the question on the basis of the following table,which indicates the dollar price of luta,the currency used in the hypothetical economy of Luteland: $\begin{array}{c}\begin{array}{c}\underline{\text {Quantity of Luta}}\\\underline{\text {Demanded (Billions) }}\\200 \\400 \\600 \\800\end{array}\begin{array}{c}\underline{\text {Dollar Price}}\\\underline{\text {of Luta }}\\ \$ 10 \\8 \\6 \\2\end{array}\begin{array}{c}\underline{\text {Quantity of Luta}}\\\underline{\text {Supplied (Billions) }}\\650 \\400 \\200 \\150\end{array}\end{array}$
Refer to the table.The equilibrium dollar price of luta is:

• A) $10.
• B) $8.
• C) $6.
• D) $2.

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