Refer to the Following Table to Answer the Following Questions

question 149

Multiple Choice

Refer to the following table to answer the following questions.

-The equilibrium price and quantity in this market are

• A) $4.00 and 40 units.
• B) $4.00 and 80 units.
• C) $2.00 and 50 units.
• D) $2.00 and 60 units.
• E) $8.00 and 40 units.

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Definitions:

Hobbes

Refers to Thomas Hobbes, a 17th-century English philosopher known for his political theories, notably the concept of social contract.

Social Theorists

Scholars who develop ideas and theories to explain social phenomena, relationships, and structures within societies.

Products Of

Entities or outcomes that result from a specific process, action, or series of events.

Locke

A 17th-century English philosopher, John Locke, known for his contributions to liberalism, political theory, and his theories on mind and consciousness.