It shows the aggregate demand and aggregate supply schedule for a hypothetical economy. Refer to the table above. If the quantity of real domestic output demanded decreased by $500 and the quantity of real domestic output supplied increased by $500 at each price level, the new equilibrium price level and quantity of real domestic output would be:
A) 150 and $1500
B) 150 and $2000
C) 200 and $2000
D) 250 and $2000

Question

It shows the aggregate demand and aggregate supply schedule for a hypothetical economy.  Refer to the table above. If the quantity of real domestic output demanded decreased by $500 and the quantity of real domestic output supplied increased by $500 at each price level, the new equilibrium price level and quantity of real domestic output would be:
A) 150 and $1500 
B) 150 and $2000 
C) 200 and $2000 
D) 250 and $2000

Quizplus · Accepted Answer

The Answer of It shows the aggregate demand and aggregate supply schedule for a hypothetical economy.  Refer to the table above. If the quantity of real domestic output demanded decreased by $500 and the quantity of real domestic output supplied increased by $500 at each price level, the new equilibrium price level and quantity of real domestic output would be:
A) 150 and $1500 
B) 150 and $2000 
C) 200 and $2000 
D) 250 and $2000

It Shows the Aggregate Demand and Aggregate Supply Schedule for a Hypothetical