Consider Schedule #1 in the Aggregate Demand and Aggregate Supply

Multiple Choice

Consider schedule #1 in the aggregate demand and aggregate supply table given below.The equilibrium output and price level for the economy described on this schedule are:​ ​
Table 10.1
​
Quantity of
Aggregate Output
Demanded
​
Price
Level
Quantity of
Aggregate Output Supplied
#1
#2
#3
$7) 0
110
$5) 0
$6) 0
$4) 0
6) 5
120
5) 5
6) 5
4) 5
6) 0
130
6) 0
7) 0
5) 0
5) 5
140
6) 5
7) 5
5) 5
5) 0
150
7) 0
8) 0
6) 0

A) $7.0 and 110,respectively.
B) $6.5 and 120,respectively.
C) $6.0 and 130,respectively.
D) $5.5 and 140,respectively.
E) $5.0 and 150,respectively.