The Quantity Demanded Each Month of Russo Espresso Makers Is

Multiple Choice

The quantity demanded each month of Russo Espresso Makers is 200 when the unit price is $120.00. The quantity demanded each month is 1,000 when the unit price is $80.00. The suppliers will market 850 espresso makers if the unit price is $42.00 or lower. At a unit price of $72.00, they are willing to make available 2,350 units in the market. Both the demand and supply equations are known to be linear. Find the equilibrium quantity and the equilibrium price.

A) equilibrium quantity 1,500 units; equilibrium price $55.00
B) equilibrium quantity 1,390 units; equilibrium price $70.00
C) equilibrium quantity 1,390 units; equilibrium price $55.00
D) equilibrium quantity 1,500 units; equilibrium price $70.00