Use the table below to answer the following questions.
Table 3.5.3
Demand and supply schedules for designer sport t-shirts at CoolU

-Refer to Table 3.5.3.The equilibrium price is $________ and the equilibrium quantity is ________ t-shirts per month.
A)6;200
B)7;220
C)8;180
D)8;220
E)8;200

Question

Use the table below to answer the following questions.
Table 3.5.3
Demand and supply schedules for designer sport t-shirts at CoolU
 
-Refer to Table 3.5.3.The equilibrium price is $________ and the equilibrium quantity is ________ t-shirts per month.
A)6;200 
B)7;220 
C)8;180 
D)8;220 
E)8;200

Quizplus · Accepted Answer

The equilibrium price and quantity are determined where the supply and demand curves intersect, indicating the price at which the quantity supplied equals the quantity demanded.

Use the Table Below to Answer the Following Questions