The table shows the aggregate demand and aggregate supply schedule for a hypothetical economy.
Refer to the above table. Using the original data from the table, if the quantity of real domestic output demanded increased by $3000 and the quantity of real domestic output supplied increased by $1000 at each price level, the new equilibrium price level and quantity of real domestic output would be:
A) 350 and $8000.
B) 300 and $9000.
C) 250 and $8000.
D) 200 and $7000.

Question

The table shows the aggregate demand and aggregate supply schedule for a hypothetical economy.
 Refer to the above table. Using the original data from the table, if the quantity of real domestic output demanded increased by $3000 and the quantity of real domestic output supplied increased by $1000 at each price level, the new equilibrium price level and quantity of real domestic output would be:
A) 350 and $8000. 
B) 300 and $9000. 
C) 250 and $8000. 
D) 200 and $7000.

Quizplus · Accepted Answer

The Answer of The table shows the aggregate demand and aggregate supply schedule for a hypothetical economy.
 Refer to the above table. Using the original data from the table, if the quantity of real domestic output demanded increased by $3000 and the quantity of real domestic output supplied increased by $1000 at each price level, the new equilibrium price level and quantity of real domestic output would be:
A) 350 and $8000. 
B) 300 and $9000. 
C) 250 and $8000. 
D) 200 and $7000.

The Table Shows the Aggregate Demand and Aggregate Supply Schedule