Refer to the following table to answer the following questions.
-The equilibrium price and quantity in this market are
A) $4.00 and 40 units.
B) $4.00 and 80 units.
C) $2.00 and 50 units.
D) $2.00 and 60 units.
E) $8.00 and 40 units.
Correct Answer:
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