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Refer to the Information Provided in Figure 20

Question 42

Multiple Choice

Refer to the information provided in Figure 20.4 below to answer the questions that follow.
Refer to the information provided in Figure 20.4 below to answer the questions that follow. Figure 20.4 -Refer to Figure 20.4.If the demand and supply of pounds are D<sub>1</sub> and S<sub>1</sub>,the equilibrium is A) $2.50 per pound and the quantity is 400 pounds. B) $2.00 per pound and the quantity is 500 pounds. C) 2 pounds per $ and the quantity is 500 pounds. D) $1.50 per pound and the quantity is 300 pounds. Figure 20.4
-Refer to Figure 20.4.If the demand and supply of pounds are D1 and S1,the equilibrium is


A) $2.50 per pound and the quantity is 400 pounds.
B) $2.00 per pound and the quantity is 500 pounds.
C) 2 pounds per $ and the quantity is 500 pounds.
D) $1.50 per pound and the quantity is 300 pounds.

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