Use the table provided. What are the equilibrium price and equilibrium quantity in this market?
| Price | Quantity Demanded | Quantity Supplied |
| 4 | 450 | 250 |
| 6 | 400 | 300 |
| 8 | 350 | 350 |
| 10 | 300 | 400 |
| 12 | 250 | 450 |
| 14 | 200 | 500 |
| 16 | 150 | 550 |
Group of answer choices
$8 and 350 units
$16 and 150 units
$12 and 450 units
$10 and 350 units
Equilibrium
Quantity demanded= Quantity supplied
350= 350
at price= 8 $
First option is correct
Use the table provided. What are the equilibrium price and equilibrium quantity in this market? Price...