Refer to Table 3-1. Given this data, the equilibrium price and quantity of CD players are ?
$\begin{array}{l}
\text { Table 3-1 }\
\begin{array}{|l|l|l|}
\hline & \text { QUANTITY } & \text { QUANTITY } \
\hline & \text { DEMANDED } & \text { SUPPLIED } \
\hline\underline { \text { PRICE }} & \underline {\text { (units per week) }} & \underline {\text { (units per week) }} \
\hline € 100 & 1000 & 100 \
\hline € 150 & 900 & 300 \
\hline € 200 & 800 & 500 \
\hline € 250 & 600 & 600 \
\hline € 300 & 300 & 650 \
\hline
\end{array}
\end{array}$
?

Question

Quizplus · Accepted Answer

The equilibrium price and quantity occur at the intersection of the supply and demand curves. From the table, we can see that at a price of €250, the quantity demanded and supplied are both 600 units per week. Therefore, €250 and 600 players is the equilibrium price and quantity.

Refer to Table 3-1 ? A) €150 and 300 Players

Refer to Table 3-1 ?
A) €150 and 300 Players