Question: The table for Market for Chocolate-Covered Peanuts is given below: Price (per bag) Quantity Demanded Quantity Supplied (bags (bags per month) per month) $.80 70

The table for Market for Chocolate-Covered Peanuts is given below: Price (per bag) Quantity Demanded Quantity Supplied (bags (bags per month) per month) $.80 70 280 70 105 245 .60 140 210 .50 175 175 40 210 140 30 245 105 .20 280 70 Based on the table given above, what would be the price of equilibrium and quantit of equilibrium in this market? 70 cents and 105 bags 60 cents and 140 bags 50 cents and 175 bags

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