Refer to Table 5-1. If D2 and S2 represent the demand and supply schedules in a particular market, then the equilibrium price and quantity are __________ and __________, respectively.
A. $12; 12
B. $10; 12
C. $8; 15
D. $6; 18
Answer:B
Refer to Table 5-1. If D2 and S2 represent the demand and supply schedules in a particular market, then the equilibrium price and quantity are __________ and __________, respectively.
A. $12; 12 B. $10; 12 C. $8; 15 D. $6; 18
Explanation: 35. Refer to Table 5-1. If D2 and S1 represent the demand and supply schedules in a particular market, then the equilibrium price and quantity are __________ and __________, respectively.