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-Refer to Table 3

Question 98

Multiple Choice

-Refer to Table 3.4.2.The table shows the demand and supply schedules for shampoo.Choose the correct statement. A) The equilibrium price is an unknown amount between $6 and $10 a bottle. B) There is no equilibrium in this market. C) The equilibrium quantity is 140 bottles a week. D) The equilibrium price is $8 a bottle. E) The equilibrium quantity is 100 bottles a week.
-Refer to Table 3.4.2.The table shows the demand and supply schedules for shampoo.Choose the correct statement.


A) The equilibrium price is an unknown amount between $6 and $10 a bottle.
B) There is no equilibrium in this market.
C) The equilibrium quantity is 140 bottles a week.
D) The equilibrium price is $8 a bottle.
E) The equilibrium quantity is 100 bottles a week.

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