The following table shows an aggregate demand schedule and an aggregate supply schedule. Which of the following is true?
A) Equilibrium output is $1,000, and equilibrium price level is 25.
B) Equilibrium output is $800, and equilibrium price level is 50.
C) Equilibrium output is $200, and equilibrium price level is 125.
D) Equilibrium output is $400, and equilibrium price level is 25.
E) Equilibrium output is $600, and equilibrium price level is 75.

Question

The following table shows an aggregate demand schedule and an aggregate supply schedule. Which of the following is true? 
A) Equilibrium output is $1,000, and equilibrium price level is 25. 
B) Equilibrium output is $800, and equilibrium price level is 50. 
C) Equilibrium output is $200, and equilibrium price level is 125. 
D) Equilibrium output is $400, and equilibrium price level is 25. 
E) Equilibrium output is $600, and equilibrium price level is 75.

Quizplus · Accepted Answer

The Answer of The following table shows an aggregate demand schedule and an aggregate supply schedule. Which of the following is true? 
A) Equilibrium output is $1,000, and equilibrium price level is 25. 
B) Equilibrium output is $800, and equilibrium price level is 50. 
C) Equilibrium output is $200, and equilibrium price level is 125. 
D) Equilibrium output is $400, and equilibrium price level is 25. 
E) Equilibrium output is $600, and equilibrium price level is 75.

The Following Table Shows an Aggregate Demand Schedule and an Aggregate