Table 17-2

Table 17-2. The table shows the town of Pittsville's demand schedule for gasoline. For simplicity, assume the town's gasoline seller(s) incur no costs in selling gasoline.

-Refer to Table 17-2.If the market for gasoline in Pittsville is perfectly competitive,then the equilibrium price of gasoline is

A) $8 and the equilibrium quantity is 200 gallons.
B) $5 and the equilibrium quantity is 500 gallons.
C) $2 and the equilibrium quantity is 800 gallons.
D) $0 and the equilibrium quantity is 1,000 gallons.