Question: Price per unit Quantity Demenanded per yr Quantity supplied per yr $5 2,000 0 10 1,800 300 15 1,600 600 20 1,400 900 25 1,200

Price per unit Quantity Demenanded per yr Quantity supplied per yr

$5 2,000 0

10 1,800 300

15 1,600 600

20 1,400 900

25 1,200 1,200

30 1,000 1,500

Refer to the above table, Equilibrium will occur when the price is

A) $25

B) $30

C) $10

D) $20

E) $15

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