Question $7$

$6\mathrm{.}67$ pts

Answer the question on the basis of the following aggregate demand and supply schedules for a hypothetical economy:

$\backslash$table$[[$Amount of Real Output Demanded,Price Level $($Index Value$),$Amount of Real Output Supplied$],[$$$200,300,$$$500],[300,250,450],[400,200,400],[500,150,300],[600,100,200]]$

Refer to the data. If the amount of real output demanded at each price level falls by $$200,$ the equilibrium price level and equilibrium level of real domestic output will fall to:

$250$ and $$200,$ respectively.

$200$ and $$300,$ respectively.

$150$ and $$300,$ respectively.

$150$ and $$200,$ respectively.