Table 4.3
$$\begin{array} { | c | c | c | }
\hline \text { Price (\$) } & \text { Quantity demanded } & \text { Quantity supplied } \
\hline 1.0 & 100 & 10 \
\hline 1.20 & 90 & 30 \
\hline 1.40 & 80 & 50 \
\hline 1.50 & 70 & 70 \
\hline 1.60 & 60 & 90 \
\hline
\end{array}$$
-The table given below shows the quantity supplied and the quantity demanded of a good at different prices. If the price of the good described in the table given below is $1.50, then _____

Question

Table 4.3
 $$\begin{array} { | c | c | c | } 
\hline \text { Price (\$) } & \text { Quantity demanded } & \text { Quantity supplied } \
\hline 1.0 & 100 & 10 \
\hline 1.20 & 90 & 30 \
\hline 1.40 & 80 & 50 \
\hline 1.50 & 70 & 70 \
\hline 1.60 & 60 & 90 \
\hline
\end{array}$$
-The table given below shows the quantity supplied and the quantity demanded of a good at different prices. If the price of the good described in the table given below is $1.50, then _____

Quizplus · Accepted Answer

At price $1.50, the quantity demanded and quantity supplied are both equal to 70 units. This means that the market is in equilibrium, with no surplus or shortage. Therefore, the correct answer is option C. Option D and E are incorrect as there is no change in the quantity supplied or demanded from the previous price of $1.40 to $1.50.

Table 43 -The Table Given Below Shows the Quantity Supplied and the |