Price per unit $ 50 100 150 200 250 300 Quantity demanded each year 13,200 12,800 12,400 12,000 11,600 11,200 Quantity supplied each year 0 6,000 9,000 12,000 13,200 14,500 Refer to the above table. The equilibrium price and quantity is: a. $200 and 12,000 units. b.$300 and 14,500 units. c. $150 and 9,000 units. d. $250 and 12,400 units.

Price per unit $ 50 100 150 200 250 300 Quantity demanded each year 13,200 12,800 12,400 12,000 11,600 11,200 Quantity supplied each year 0 6,000 9,000 12,000 13,200 14,500 Refer to the above table. The equilibrium price and quantity is: a. $200 and 12,000 units. b.$300 and 14,500 units. c. $150 and 9,000 units. d. $250 and 12,400 units.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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