Table 3-D
Use the Following Information About Demand and Supply

question 186

Multiple Choice

Table 3-D
Use the following information about demand and supply schedules to answer the question.
$$\begin{array} { l c c c } \text { Price } & \mathbf { D } _ { 1 } & \mathbf { D } _ { \mathbf { 2 } } & \boldsymbol { I } _ { \mathbf { 1 } } \\\$ 12 & 5 & 9 & 19 \\\$ 10 & 8 & 12 & 17 \\\$ 8 & 11 & 15 & 15 \\\$ 6 & 13 & 18 & 13 \\\$ 4 & 16 & 21 & 11 \\\$ 2 & 18 & 24 & 9\end{array}$$
-Refer to Table 3-D.If D₁ and S₁ represent the demand and supply schedules in a particular market, the equilibrium price and quantity are ____ and ____, respectively.

• A)$8; 15
• B)$6; 13
• C)$4; 16
• D)$4; 11
• E)None of the above are correct.

---

Definitions:

Childbirth Leave

A policy or legislation that allows parents to take time off work following the birth of their child, often with pay and without losing their job.

Labour Party

A political party oriented towards promoting the interests of workers and advocating for policies that support labor rights, social justice, and egalitarianism.

Labor Movement

A collective organization of workers and labor unions aimed at improving wages, working conditions, and workers' rights through collective bargaining and political action.

Social Partnership

A collaborative relationship between government, employers, and labor unions aimed at addressing economic and social issues in a cooperative rather than confrontational manner.