-In Figure 3-8,using the Supply and Demand Curves Denoted S₁

question 152

Multiple Choice

-In Figure 3-8,using the supply and demand curves denoted S₁ and D₁,respectively,the equilibrium price and quantity are

• A) $100 and 50,000
• B) $100 and 100,000
• C) $120 and 50,000
• D) $120 and 75,000
• E) $120 and 100,000