Exhibit 3-12 Supply and demand data 
In Exhibit 3-12 the equilibrium price and quantity in the market are:
A) $1.00, 200.
B) $1.50, 400.
C) $2.00, 100.
D) $1.50, 200.
Correct Answer:
Verified
Q305: Exhibit 3-14 Supply and demand curves 
Q306: Exhibit 3-16 Supply and demand curves for chairs
Q307: Exhibit 3-15 Supply and demand curves for good
Q307: Demand curves slope downward to the right.
Q308: Exhibit 3-14 Supply and demand curves
Q310: Exhibit 3-13 Supply and demand curves
Q311: Exhibit 3-13 Supply and demand curves
Q311: Other things being equal, an increase in
Q312: Other things being equal, a fall in
Q313: Exhibit 3-15 Supply and demand curves for good
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