?
PriceQuantity
Demanded
Quantity
Supplied
$101,000 5,500 92,0005,00083,0004,50074,0004,00065,0003,50056,0003,00047,0002,50038,0002,00029,0001,500110,0001,000?

Refer to Table 4-1. What is the equilibrium price in the example above?

A. $9
B. $8
C. $7
D. $6
E. $5


Answer: C

Economics

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