Refer to the Information Provided in Figure 19

Multiple Choice

Refer to the information provided in Figure 19.4 below to answer the questions that follow. Figure 19.4
-Refer to Figure 19.4. 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.