The following aggregate demand and supply schedules are for a hypothetical economy: Refer to the above data.If the amount of real output demanded at each price level falls by $200, the equilibrium price level and equilibrium level of real domestic output will fall to:
A)250 and $200, respectively.
B)200 and $300, respectively.
C)150 and $300, respectively.
D)150 and $200, respectively.

Question

The following aggregate demand and supply schedules are for a hypothetical economy:  Refer to the above data.If the amount of real output demanded at each price level falls by $200, the equilibrium price level and equilibrium level of real domestic output will fall to:
A)250 and $200, respectively. 
B)200 and $300, respectively. 
C)150 and $300, respectively. 
D)150 and $200, respectively.

Quizplus · Accepted Answer

The Answer of The following aggregate demand and supply schedules are for a hypothetical economy:  Refer to the above data.If the amount of real output demanded at each price level falls by $200, the equilibrium price level and equilibrium level of real domestic output will fall to:
A)250 and $200, respectively. 
B)200 and $300, respectively. 
C)150 and $300, respectively. 
D)150 and $200, respectively.

The Following Aggregate Demand and Supply Schedules Are for a Hypothetical