Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.
Figure 34.4Refer to Figure 34.4. If the demand and supply of pounds are D1 and S2, the equilibrium is
A. $2.00 per pound and the quantity is 300 pounds.
B. $2.50 per pound and the quantity is 400 pounds.
C. 2 pound per $ and the quantity is 400 pounds.
D. $1.50 per pound and the quantity is 200 pounds.
Answer: B
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