(2) Qd (1) (4) (5) es (3) Price es 30 40 $ 10 70 80 40 50 9. 60 70 50 60 8. 50 60 60 70 7 40 50 70 80 6 30 40 Refer to the table. If demand is represented by columns (3) and (1) and supply Is represented by columns (3) and (4), equilibrlum price and quantity will be Multiple Choice $8 and 50 units. $6 and 50 units. $10 and 40 units. $9 and 60 units. $8 and 60 units.
(2) Qd (1) (4) (5) es (3) Price es 30 40 $ 10 70 80 40 50 9. 60 70 50 60 8. 50 60 60 70 7 40 50 70 80 6 30 40 Refer to the table. If demand is represented by columns (3) and (1) and supply Is represented by columns (3) and (4), equilibrlum price and quantity will be Multiple Choice $8 and 50 units. $6 and 50 units. $10 and 40 units. $9 and 60 units. $8 and 60 units.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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I need your assistance please
Transcribed Image Text:(2)
(1)
Od
(5)
Os
(3)
(4)
Qd
Price
30
40
$ 10
70
80
40
50
60
70
50
60
50
60
60
70
7
40
50
70
80
6
30
40
Refer to the table. If demand is represented by columns (3) and (1) and supply Is represented by columns (3) and (4), equilibrlum price and quantity will be
Multiple Cholce
$8 and 50 units.
$6 and 50 units.
$10 and 40 units.
$9 and 60 units.
$8 and 60 units.
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