The following aggregate demand and supply schedules are for a hypothetical economy:

-Refer to the above data.The equilibrium price level will be:
A) 150
B) 200
C) 250
D) 300

Question

The following aggregate demand and supply schedules are for a hypothetical economy:
 
-Refer to the above data.The equilibrium price level will be:
A) 150 
B) 200 
C) 250 
D) 300

Quizplus · Accepted Answer

The equilibrium price level is determined where the quantity demanded equals the quantity supplied. Based on the data provided, this occurs at a price level of 200.

The Following Aggregate Demand and Supply Schedules Are for a Hypothetical