Table 3-C PRICE music downloads $2.00 1.801.601.401.201.000.800.650.400.20 QUANTITY DEMANDED music downloads 1,000,000 urits 2,000,000 units 3,000,000 units 4,000,000 units 5,000,000 units 6,000,000 units 7,000,000 units 8,000,000 units 9,000,000 units 10,000,000 units QUANTITY SUPPLIED music downloads 5,500,000 urits 5,00,000 units 4,50,000 units 4,000,000 units 3,500,000 units 3,000,000 units 2,500,000 units 2,000,000 units 1,500,000 units 1,000,000 units -Refer to Table 3-C.What is the equilibrium price in the example?
A) $1.60 B) $1.40 C) $1.20 D) $1.00 E) $0.80
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