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Refer to the Table Below A) $400 and 40 Units

Question 49

Multiple Choice

Refer to the table below. The equilibrium price and quantity in this market is:  Price  Quantity  Demanded  Quantity  Supplied $10.0010100$$.002080$6.003060$4.004040$2.005020$0.00600\begin{array} { | l | l | l | } \hline \text { Price } & \begin{array} { l } \text { Quantity } \\\text { Demanded }\end{array} & \begin{array} { l } \text { Quantity } \\\text { Supplied }\end{array} \\\hline \$ 10.00 & 10 & 100 \\\hline \$ \$ .00 & 20 & 80 \\\hline \$ 6.00 & 30 & 60 \\\hline \$ 4.00 & 40 & 40 \\\hline \$ 2.00 & 50 & 20 \\\hline \$ 0.00 & 60 & 0 \\\hline\end{array}


A) $4.00 and 40 units.
B) $4.00 and 80 units.
C) $2.00 and 50 units.
D) $2.00 and 60 units.
E) $8.00 and 40 units.

Correct Answer:

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