Multiple Choice
Table 3-D
Use the following information about demand and supply schedules to answer the question.
-Refer to Table 3-D.If D1 and S1 represent the demand and supply schedules in a particular market, the equilibrium price and quantity are ____ and ____, respectively.
A) $8; 15
B) $6; 13
C) $4; 16
D) $4; 11
E) None of the above are correct.
Correct Answer:
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