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TABLE 4-2 -Refer to Table 4-2. If D₁ and S₁ Represent the and S₁

Question 94

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TABLE 4-2
TABLE 4-2 -Refer to Table 4-2. If D₁ and S₁ represent the demand and supply schedules in a particular market, then what are the equilibrium price and quantity in that market? A) a price of $8 and a quantity of 15 units B) a price of $6 and a quantity of 13 units C) a price of $4 and a quantity of 16 units D) a price of $4 and a quantity of 11 units
-Refer to Table 4-2. If D₁ and S₁ represent the demand and supply schedules in a particular market, then what are the equilibrium price and quantity in that market?


A) a price of $8 and a quantity of 15 units
B) a price of $6 and a quantity of 13 units
C) a price of $4 and a quantity of 16 units
D) a price of $4 and a quantity of 11 units

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