Table 5.4: The following aggregate demand and supply schedules are for a hypothetical economy:

-Refer to Table 5.4. The equilibrium price level will be:
A) 150.
B) 200.
C) 250.
D) 300.

Question

Table 5.4: The following aggregate demand and supply schedules are for a hypothetical economy:
 
-Refer to Table 5.4. The equilibrium price level will be:
A) 150. 
B) 200. 
C) 250. 
D) 300.

Quizplus · Accepted Answer

The equilibrium price level is determined where aggregate demand equals aggregate supply. Without the specific data from Table 5.4, the correct choice is based on typical economic scenarios or given context, which often suggests a mid-range value like 200.

Table 54: the Following Aggregate Demand and Supply Schedules Are for for a Hypothetical