The Table Above Shows the Labor Demand and Labor Supply

$\begin{array} { c c c } \hline \begin{array} { c } \text { Real wage rate } \\\text { (2005 dollars } \\\text { per hour) }\end{array} & \begin{array} { c } \text { Quantity of labor } \\\text { demanded } \\\text { (billions of hours } \\\text { per year) }\end{array} & \begin{array} { c } \text { Quantity of labor } \\\text { supplied } \\\text { (billions of hours } \\\text { per year) }\end{array} \\\hline 40 & 200 & 320 \\35 & 220 & 310 \\30 & 240 & 300 \\25 & 260 & 290 \\20 & 280 & 280 \\15 & 300 & 270 \\\hline\end{array}$

The table above shows the labor demand and labor supply schedules for a nation. The equilibrium real wage rate is _{-------------} and the equilibrium quantity of labor is_{-------------} billions of hours per year.

A) $20; 260
B) $15; 260
C) $25; 260
D) $20; 280
E) $40; 320