The table below depicts the relationship between the price level and aggregate demand and aggregate supply. Aggregate Demand and Aggregate Supply Price Level Aggregate Demand (in millions) Short-Run Aggregate Supply (in millions) Long-Run Aggregate Supply (in millions) 80 $500 $20 $100 90 400 40 100 100 300 60 100 110 200 80 100 120 100 100 100 What is the market equilibrium? Multiple Choice a price level of 120 and real GDP of $100 million a price level of 80 and real GDP of $500 million a price level of 100 and real GDP of $100 million a price level of 100 and real GDP of $120 million