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Table 4-5

-Refer to Table 4-5 The Equilibrium Price and Quantity Are
A)$0

Question 167

Multiple Choice

Table 4-5
 Table 4-5    -Refer to Table 4-5. If the four suppliers listed are the only suppliers in this market and the market demand schedule is: ​ ​  \begin{array} { | c | c | }  \hline \begin{array} { c }  \text { Price } \\ \text { (Dollars per case)  } \end{array} & \begin{array} { c }  \text { Quantity Demanded } \\ \text { (Cases of water)  } \end{array} \\ \hline 0.00 & 350 \\ \hline 2.00 & 300 \\ \hline 4.00 & 250 \\ \hline 6.00 & 200 \\ \hline \end{array}  The equilibrium price and quantity are A) $0.00 and 350 cases. B) $4.00 and 250 cases. C) $2.00 and 300 cases. D) $6.00 and 200 cases.
-Refer to Table 4-5. If the four suppliers listed are the only suppliers in this market and the market demand schedule is: ​

 Price  (Dollars per case)   Quantity Demanded  (Cases of water)  0.003502.003004.002506.00200\begin{array} { | c | c | } \hline \begin{array} { c } \text { Price } \\\text { (Dollars per case) }\end{array} & \begin{array} { c } \text { Quantity Demanded } \\\text { (Cases of water) }\end{array} \\\hline 0.00 & 350 \\\hline 2.00 & 300 \\\hline 4.00 & 250 \\\hline 6.00 & 200 \\\hline\end{array} The equilibrium price and quantity are


A) $0.00 and 350 cases.
B) $4.00 and 250 cases.
C) $2.00 and 300 cases.
D) $6.00 and 200 cases.

Correct Answer:

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