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Use the Following Table to Answer the Next Questions -What Is the Equilibrium Quantity in the Market for Public

Question 110

Multiple Choice

Use the following table to answer the next questions.
 Market for Public Transportation  Price  Quantity Demanded  Quantity Supplied $0.75100,00065,000$1.0092,00080,000$1.2586,00086,000$1.5080,000100,000$1.7575,000115,000$2.0068,000116,000\begin{array}{l}\text { Market for Public Transportation }\\\begin{array} { l c c } \hline \text { Price } & \text { Quantity Demanded } & \text { Quantity Supplied } \\\hline \$ 0.75 & 100,000 & 65,000 \\\$ 1.00 & 92,000 & 80,000 \\\$ 1.25 & 86,000 & 86,000 \\\$ 1.50 & 80,000 & 100,000 \\\$ 1.75 & 75,000 & 115,000 \\\$ 2.00 & 68,000 & 116,000\end{array}\end{array}
-What is the equilibrium quantity in the market for public transportation?


A) 100,000
B) 86,000
C) 75,000
D) 116,000
E) 0 (zero)

Correct Answer:

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