Solved

-The Above Table Gives the Demand and Supply Schedules for |

Question 258

Multiple Choice

 Price  (dollars per  disc)   Quantity  demanded  Price  (dollars per  disc)   Quantity  supplied 436,00044,000832,00088,0001228,0001212,0001624,0001616,0002020,0002020,0002416,0002424,0002812,0002828,000328,0003232,000364,0003636,000\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Price } \\\text { (dollars per } \\\text { disc) }\end{array} & \begin{array} { l } \text { Quantity } \\\text { demanded }\end{array} & \begin{array} { l } \text { Price } \\\text { (dollars per } \\\text { disc) }\end{array} & \begin{array} { l } \text { Quantity } \\\text { supplied }\end{array} \\\hline 4 & 36,000 & 4 & 4,000 \\\hline 8 & 32,000 & 8 & 8,000 \\\hline 12 & 28,000 & 12 & 12,000 \\\hline 16 & 24,000 & 16 & 16,000 \\\hline 20 & 20,000 & 20 & 20,000 \\\hline 24 & 16,000 & 24 & 24,000 \\\hline 28 & 12,000 & 28 & 28,000 \\\hline 32 & 8,000 & 32 & 32,000 \\\hline 36 & 4,000 & 36 & 36,000 \\\hline\end{array}
-The above table gives the demand and supply schedules for Blu-ray discs. Based on the table, the equilibrium quantity and price of a Blu-ray discs is


A) 28,000 and $12.
B) 16,000 and $24.
C) 16,000 and $16.
D) 20,000 and $20.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents