This Table Shows the Demand and Supply Schedule of a Good

question 136

Multiple Choice

This table shows the demand and supply schedule of a good. According to the table shown, the equilibrium in this market will occur at:

• A) a price of $1.50 and a quantity of 62.
• B) a price of $1.50 and a quantity of 31.
• C) a price of $0.00 and a quantity of 75.
• D) Cannot be determined without more information

---

Definitions:

Seconds

Units of time that are equal to one sixtieth of a minute.

Fall Asleep

The process by which individuals transition from wakefulness to sleep, involving physiological and neurological changes.

Encoding Failure

The inability to recall specific information because it was not encoded into long-term memory.

Sights and Sounds

The visual and auditory stimuli that are experienced by an organism or detected through its sensory systems.