The Table Given Below Reports the Quantity Demanded and Supplied

The table given below reports the quantity demanded and supplied of a commodity in a market at different price levels.Table 3.4

-Consider the market described by Table 3.4. Identify the correct statement.

A) The law of demand is violated
B) The law of supply is violated
C) There is no equilibrium
D) At $5 per unit, people will purchase 400 units
E) At $2 per unit, people will purchase 900 units

Correct Answer:

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