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The Table Below Gives the Quantity of a Product Demanded

Question 147

Multiple Choice

The table below gives the quantity of a product demanded and the quantity supplied for various prices. Solve the
problem.
-Find the market equilibrium price.  Price (dollars)   Quantity Demanded  Quantity Supplied 1002500120210401401708016013012018090160\begin{array} { l | l | l } \text { Price (dollars) } & \text { Quantity Demanded } & \text { Quantity Supplied } \\\hline 100 & 250 & 0 \\120 & 210 & 40 \\140 & 170 & 80 \\160 & 130 & 120 \\180 & 90 & 160\end{array}


A) $162.50
B) $167.50
C) $125.00
D) $157.50

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