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

question 162

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 S₂ represent the demand and supply schedules in a particular market, the equilibrium price and quantity are ____ and ____, respectively.

• A)$12; 9
• B)$10; 12
• C)$10; 8
• D)$8; 11
• E)between $8 and $10; between 10 and 12

---

Definitions:

Proprietary Information

Confidential business information that provides a company with a competitive edge, such as trade secrets, processes, or formulas.

Unilateral Nondisclosure Agreement

A legal contract in which only one party agrees not to disclose certain information to third parties.

Intellectual Property

Legal rights that result from intellectual creativity, such as inventions, literary works, designs, and symbols, recognized to belong to an individual or corporation.

Trade Secrets

Information, including formulas, practices, processes, designs, instruments, patterns, or compilations of information, that is not generally known or readily accessible to others, providing a business advantage.