Table 3-C -Refer to Table 3-C

question 180

Multiple Choice

Table 3-C
$$\begin{array} { | c | c | c | } \hline \text { PRICE music downloads } & \begin{array} { c } \text { QUANTITY DEMANDED } \\\text { music downloads }\end{array} & \begin{array} { c } \text { QUANTITY SUPPLIED } \\\text { music downloads }\end{array} \\\hline \text { \$2.00 } & 1,000,000 \text { urits } & 5,500,000 \text { urits } \\\hline 1.80 & 2,000,000 \text { units } & 5,00,000 \text { units } \\\hline 1.60 & 3,000,000 \text { units } & 4,50,000 \text { units } \\\hline 1.40 & 4,000,000 \text { units } & 4,000,000 \text { units } \\\hline 1.20 & 5,000,000 \text { units } & 3,500,000 \text { units } \\\hline 1.00 & 6,000,000 \text { units } & 3,000,000 \text { units } \\\hline 0.80 & 7,000,000 \text { units } & 2,500,000 \text { units } \\\hline 0.65 & 8,000,000 \text { units } & 2,000,000 \text { units } \\\hline 0.40 & 9,000,000 \text { units } & 1,500,000 \text { units } \\\hline 0.20 & 10,000,000 \text { units } & 1,000,000 \text { units } \\\hline\end{array}$$
-Refer to Table 3-C.What is the equilibrium price in the example?

• A)$1.60
• B)$1.40
• C)$1.20
• D)$1.00
• E)$0.80