-Refer to the Above Graph to Answer This Question

question 5

Multiple Choice

-Refer to the above graph to answer this question.If the demand were to decrease by 200 units and the supply were to increase by 100 units,what would be the resulting equilibrium price and quantity?

• A)$50 and 600.
• B)$55 and 425.
• C)$60 and 500.
• D)$70 and 400.
• E)$70 and 500.

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Definitions:

Gain or Loss

The financial result that occurs when the selling price of an asset differs from its book value.

Interest Receivable

The amount of interest that has been earned but not yet received by the lender.

Gain on Sale

The financial profit earned from selling an asset for more than its book value.