This table shows the demand and supply schedule of a good.
According to the table shown,the equilibrium in this market will occur at:

Question

This table shows the demand and supply schedule of a good. 
According to the table shown,the equilibrium in this market will occur at:

Quizplus · Accepted Answer

The equilibrium in this market occurs at the price and quantity where the quantity demanded equals the quantity supplied. Looking at the table, we can see that at a price of $1.50, the quantity demanded is 31 and the quantity supplied is also 31. Therefore, the equilibrium in this market will occur at a price of $1.50 and a quantity of 31 (choice B).

This Table Shows the Demand and Supply Schedule of a Good