Consider the Following Demand and Supply Schedules for Some Agricultural

Multiple Choice

Consider the following demand and supply schedules for some agricultural commodity. $$\begin{array}{l}\begin{array} { | l | l | l | } \hline \text { Price } & \begin{array} { l } \text { Quantity } \\\text { Supplied }\end{array} & \begin{array} { l } \text { Quantity } \\\text { Demanded }\end{array} \\\hline \$ 10 & 300 & 1100 \\\hline \$ 30 & 500 & 900 \\\hline \$ 50 & 700 & 700 \\\hline \$ 70 & 900 & 500 \\\hline \$ 90 & 1100 & 300 \\\hline \$ 110 & 1300 & 100 \\\hline\end{array}\\\text { TABLE 5- } 2\end{array}$$
-Refer to Table 5- 2. Total farmers' income under the free- market equilibrium is

A) $3 000.
B) $15 000.
C) $63 000.
D) $75 000.
E) $35 000.