Complete Table 3.1.Then answer the indicated question. $\text { Quantity Demanded by }$
$\begin{array}{rccl}
\text { Price}&\text { Alejandro }&\text {Ben }&\text {Carl }&\text {Market }\
\$ 8.00 & 8 & 4 & 2&\_\_\_ \
6.00 & 12 & 4 & 4 &\_\_\_\
4.00 & 20 & 4 & 6 &\_\_\_\
2.00 & 22 & 4 & 6&\_\_\_
\end{array}$ $\text { Quantity Supplied by }$
$\begin{array}{lcll}
\text { Price}&\text { Avery }&\text {Brandon}&\text { Cassandra }\
\$ 8.00 & 60 & 4 & 6&\_\_\_ \
\$ 6.00 & 42 & 4 & 4&\_\_\_ \
\$ 4.00 & 24 & 4 & 2&\_\_\_ \
\$ 2.00 & 6 & 4 & 0&\_\_\_
\end{array}$ Table 3.1 Individual Demand and Supply Schedules
In Table 3.1,if the price is $4,the market will

Question

Quizplus · Accepted Answer

At a price of $4, the quantity demanded is 30 units (20 + 4 + 6) and the quantity supplied is 30 units (24 + 4 + 2). Therefore, the market will be in equilibrium.

Complete Table 3 Quantity Demanded by \text { Quantity Demanded by } Quantity Demanded by Quantity Supplied by \text { Quantity Supplied by } Quantity Supplied by

Complete Table 3 $\text { Quantity Demanded by }$ $\text { Quantity Supplied by }$