Multiple Choice
Refer to the table below for the following question.
Table 3.4.2
-Refer to Table 3.4.2.The table shows the demand and supply schedules for shampoo.Choose the correct statement.
A) The equilibrium price is $8 a bottle.
B) The equilibrium price is an unknown amount between $6 and $10 a bottle.
C) The equilibrium quantity is 100 bottles a week.
D) The equilibrium quantity is 140 bottles a week.
E) There is no equilibrium in this market.
Correct Answer:

Verified
Correct Answer:
Verified
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