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Refer to the Table

Question 15

Multiple Choice

 Price  Quantity  Demanded  Quantity  Supplied $02000$115040$210080$350120$40160\begin{array} { c | c | c } \text { Price } & \begin{array} { c } \text { Quantity } \\\text { Demanded }\end{array} & \begin{array} { c } \text { Quantity } \\\text { Supplied }\end{array} \\\hline \$ 0 & 200 & 0 \\\$ 1 & 150 & 40 \\\$ 2 & 100 & 80 \\\$ 3 & 50 & 120 \\\$ 4 & 0 & 160\end{array} Refer to the table.In this market,the equilibrium price occurs where quantity demanded and quantity supplied are both


A) greater than 50 but less than 80.
B) greater than 80 but less than 100.
C) greater than 100 but less than 120.
D) greater than 120.

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