Table 4-7 -Refer to Table 4-7.The Equations Above Describe the Demand and Describe

Multiple Choice

Table 4-7

-Refer to Table 4-7.The equations above describe the demand and supply for Bubba's Fried Jellybeans.What are the equilibrium price and quantity (in thousands) for Bubba's Fried Jellybeans?

A) $80 and 40 thousand
B) $60 and 10 thousand
C) $20 and 20 thousand
D) $40 and 5 thousand