(Figure: Demand and Supply of Sugar) Use Figure: Demand and Supply of Sugar. The initial equilibrium price and quantity (at the intersection of S1 and D) of sugar are:
A) $20 and 4,500 pounds.
B) $15 and 4,000 pounds.
C) $20 and 2,000 pounds.
D) $25 and 3,000 pounds.
Correct Answer:
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