Table 5.1
$$\begin{array}{l}
\text { Table } 5.1\
\begin{array} { | c | c | c | }
\hline \begin{array} { l }
\text { Aggregate Demand (quantity } \
\text { demanded in billions of dollars) }
\end{array} & \begin{array} { l }
\text { Price Level } \
( \$ )
\end{array} & \begin{array} { l }
\text { Aggregate Supply (quantity supplied in billions of } \
\text { dollars) }
\end{array} \
\hline 100 & 150 & 1,200 \
\hline 200 & 125 & 1,000 \
\hline 400 & 100 & 800 \
\hline 600 & 75 & 600 \
\hline 800 & 50 & 400 \
\hline 1,000 & 25 & 200 \
\hline
\end{array}
\end{array}$$
-Refer to Table 5.1, which shows an aggregate demand schedule and an aggregate supply schedule. What is aggregate demand at a price level of $75?
A) $100 billion dollars
B) $200 billion dollars
C) $400 billion dollars
D) $600 billion dollars
E) $800 billion dollars

Question

Table 5.1
 $$\begin{array}{l}
\text { Table } 5.1\
\begin{array} { | c | c | c | } 
\hline \begin{array} { l } 
\text { Aggregate Demand (quantity } \
\text { demanded in billions of dollars) }
\end{array} & \begin{array} { l } 
\text { Price Level } \
( \$ )
\end{array} & \begin{array} { l } 
\text { Aggregate Supply (quantity supplied in billions of } \
\text { dollars) }
\end{array} \
\hline 100 & 150 & 1,200 \
\hline 200 & 125 & 1,000 \
\hline 400 & 100 & 800 \
\hline 600 & 75 & 600 \
\hline 800 & 50 & 400 \
\hline 1,000 & 25 & 200 \
\hline
\end{array}
\end{array}$$
-Refer to Table 5.1, which shows an aggregate demand schedule and an aggregate supply schedule. What is aggregate demand at a price level of $75?
A) $100 billion dollars
B) $200 billion dollars
C) $400 billion dollars
D) $600 billion dollars
E) $800 billion dollars

Quizplus · Accepted Answer

Looking at the table, we can see that at a price level of $75, the aggregate demand is 600 billion dollars. This can be found by looking at the row where the price level is 75 and identifying the corresponding aggregate demand in the first column. Therefore, the correct answer is (D) $600 billion dollars.

Table 51 -Refer to Table 5