Complete Table 3 $\quad$ $\quad$ $\quad$ $\quad$

question 113

Multiple Choice

Complete Table 3.1.Then answer the indicated question. Table 3.1 Individual Demand and Supply Schedules In Table 3.1, the equilibrium market price is
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text {Quantity Demanded by}$

$\begin{array}{cc}\text { Price } & \text { Alejandro } &\text { Ben } & \text { Carl }&\text { Market }\\ \$ 8.00 & 8 & 4 & 2&\underline{\quad\quad} \\6.00 & 12&4 & 4&\underline{\quad\quad} \\4.00 & 20 &4 & 6&\underline{\quad\quad} \\2.00 & 22&4 & 6 &\underline{\quad\quad} \end{array}$
$\quad$ $\quad$ $\quad$$\text { Quantity Supplied by }$
$\begin{array}{lcccc}\text { Price } & \text { Avery } & \text { Brandon } & \text { Cassandra } \\\$8.00 & 60 & 4 & 6 &\underline{\quad\quad} \\\$ 6.00 & 42 & 4 & 4&\underline{\quad\quad} \\\$ 4.00 & 24 & 4 & 2&\underline{\quad\quad} \\\$ 2.00 & 6 & 4 & 0&\underline{\quad\quad} \end{array}$

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Definitions:

Future Happiness

An anticipated state of joy or satisfaction, often viewed as a goal or outcome of certain behaviors or life circumstances.

Marital Status

The legally defined relationship status of an individual with respect to marriage, such as single, married, divorced, or widowed.

Assumption

A belief or statement taken for granted without proof.

Thieves

Individuals who illegally take someone else's property without permission with the intent to keep it or sell it.