Question: 9. Refer to the table below for the next 2 questions. Price Quantity Quantity Demanded SO Supplied 200 0 150 $2 40 100 $3 80

9. Refer to the table below for the next 2 questions. Price Quantity Quantity Demanded SO Supplied 200 0 150 $2 40 100 $3 80 50 120 0 160 In this market, the equilibrium price a. does not exist. b. is between $2 and $3. C. is greater than $4. d. is equal to exactly $2. 10. In this market, the equilibrium price occurs where quantity demanded and quantity supplied are both a. greater than 50 but less than 80. b. greater than 80 but less than 100. greater than 100 but less than 120. d. greater than 120

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