Use the Following to Answer Question(s): Demand and Supply Schedules

Multiple Choice

Use the following to answer question(s) : Demand and Supply Schedules for a Good

-(Exhibit: Demand and Supply Schedules for a Good) The equilibrium price is ________ and the equilibrium quantity is ________.

A) $2.00; 230 units
B) $3.00; 240 units
C) $4.00; 210 units
D) impossible to determine; impossible to determine