The table shown depicts the demand and supply schedules of a good. Equilibrium in this market will occur at:
A) a price of $1.50 and a quantity of 85.
B) a price of $3.00 and a quantity of 45.
C) a price of $3.00 and a quantity of 90.
D) a price of $4.50 and a quantity of 91.

Question

The table shown depicts the demand and supply schedules of a good. Equilibrium in this market will occur at:
A) a price of $1.50 and a quantity of 85. 
B) a price of $3.00 and a quantity of 45. 
C) a price of $3.00 and a quantity of 90. 
D) a price of $4.50 and a quantity of 91.

Quizplus · Accepted Answer

The Answer of  The table shown depicts the demand and supply schedules of a good. Equilibrium in this market will occur at:
A) a price of $1.50 and a quantity of 85. 
B) a price of $3.00 and a quantity of 45. 
C) a price of $3.00 and a quantity of 90. 
D) a price of $4.50 and a quantity of 91.

The Table Shown Depicts the Demand and Supply Schedules of a Good