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Refer to the Information Provided in Figure 34

Question 234

Multiple Choice

Refer to the information provided in Figure 34.4 below to answer the question(s) that follow. Refer to the information provided in Figure 34.4 below to answer the question(s)  that follow.   Figure 34.4 -Refer to Figure 34.4. If the demand and supply of pounds are D<sub>1</sub> and S<sub>2</sub>, the equilibrium is A)  $2.50 per pound and the quantity is 400 pounds. B)  $2.00 per pound and the quantity is 300 pounds. C)  2 pound per $ and the quantity is 400 pounds. D)  $1.50 per pound and the quantity is 200 pounds. Figure 34.4
-Refer to Figure 34.4. If the demand and supply of pounds are D1 and S2, the equilibrium is


A) $2.50 per pound and the quantity is 400 pounds.
B) $2.00 per pound and the quantity is 300 pounds.
C) 2 pound per $ and the quantity is 400 pounds.
D) $1.50 per pound and the quantity is 200 pounds.

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