Multiple Choice
The table below displays hypothetical demand and supply schedules for the market for overnight parcel deliveries in Canada.
TABLE 3-4 Refer to Table 3-4.The equilibrium price and quantity for overnight parcel delivery in Year 1 is ________ and ________ million parcels.
A) $30; 80
B) $14; 120
C) $22; 115
D) $10; 115
E) $22; 130
Correct Answer:
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