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Answer the Question on the Basis of the Following Table,which

Question 47

Multiple Choice

Answer the question on the basis of the following table,which indicates the dollar price of luta,the currency used in the hypothetical economy of Luteland: Quantity of LutaDemanded (Billions) 200400600800Dollar Priceof Luta $10862Quantity of LutaSupplied (Billions) 650400200150\begin{array}{c}\begin{array}{c}\underline{\text {Quantity of Luta}}\\\underline{\text {Demanded (Billions) }}\\200 \\400 \\600 \\800\end{array}\begin{array}{c}\underline{\text {Dollar Price}}\\\underline{\text {of Luta }}\\ \$ 10 \\8 \\6 \\2\end{array}\begin{array}{c}\underline{\text {Quantity of Luta}}\\\underline{\text {Supplied (Billions) }}\\650 \\400 \\200 \\150\end{array}\end{array}
Refer to the table.The equilibrium dollar price of luta is:


A) $10.
B) $8.
C) $6.
D) $2.

Correct Answer:

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