Use the table below to answer the question. Price Quantity Supplied of T-shirts Quantity Demanded of T-shirts $5 0 300 $10 100 100 $25 300 50 $50 400 0 The equilibrium price for T-shirts is . $5 $10 $25

The equilibrium price for T-shirts is $10

Explanation:

The equilibrium price refers to the price at which the quantity demanded equals quantity supplied as an equilibrium is a point where the market demand is met by market supply at a certain price. We can see that at price $5, the market is willing to supply 0 T-Shirts while the quantity demanded at this price is 300. However, at price $10, the market is supplied with 100 T-Shirts and the quantity demanded in market at this price is also 100. Thus the market is in equilibrium when price is $10.

there was no passage listed but using the process of elimination i'd say it was d. the high economy would do the opposite. i don't see how low prices would affect it. high unemployment is possible but i feel d is the better answer.

i just took the test and it is financing