Question: TABLE 4-2 Price DJ D 2 S 1 S 2 $16 7 12 17 30 $14 10 15 15 27 $12 13 18 13 24

TABLE 4-2 Price DJ D 2 S 1 S 2 $16 7 12 17 30 $14 10 15 15 27 $12 13 18 13 24 $10 15 21 11 21 $8 18 24 9 18 $6 20 27 7 15 Refer to Table 4-2. Suppose D2 and S2 represent the demand and supply schedules in a particular market. What are the market's equilibrium price and quantity? a price of $16 and a quantity of 12 units a price of $14 and a quantity of 15 units C a price of $12 and a quantity of 6 units a price of $10 and a quantity of 21 units

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