Question 6 Suppose the yearly demand and supply curves for Purebread Organic Dog Biscuits is given by the following table:   Price ($) Quantity Demanded  Quantity Supplied 1.00 3500 300 1.50 3200 500 2.00 2800 800 2.50 2200 1200 3.00   1600 1600 3.50 900 1800 What is the equilibrium price? Group of answer choices $2.00 $2.50 $3.00 $3.50

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
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Question 6

Suppose the yearly demand and supply curves for Purebread Organic Dog Biscuits is given by the following table:

 

Price ($)

Quantity Demanded 

Quantity Supplied

1.00

3500

300

1.50

3200

500

2.00

2800

800

2.50

2200

1200

3.00

 

1600 1600

3.50

900

1800

What is the equilibrium price?

Group of answer choices
$2.00
$2.50
$3.00
$3.50
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