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Use the Table Below to Answer the Following Questions

Question 89

Multiple Choice

Use the table below to answer the following questions.
Table 3.5.3 Use the table below to answer the following questions. Table 3.5.3   -Refer to Table 3.5.3.A new store opens up on the edge of campus, Great Wild North Sportswear, which has the capacity to do as much business as all the existing businesses.The quantity of t- shirts supplied doubles at each price.The new equilibrium price is $_______ and the new equilibrium quantity is _______ t- shirts per month. A) 16; 200 B) 0; 400 C) 3; 300 D) 8; 400 E) 4; 400
-Refer to Table 3.5.3.A new store opens up on the edge of campus, Great Wild North Sportswear, which has the capacity to do as much business as all the existing businesses.The quantity of t- shirts supplied doubles at each price.The new equilibrium price is $_______ and the new equilibrium quantity is _______ t- shirts per month.


A) 16; 200
B) 0; 400
C) 3; 300
D) 8; 400
E) 4; 400

Correct Answer:

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