Table 21 Demand and Supply Data for CD Players -Refer to Table 2

Table 2.1 Demand and Supply Data for CD Players

$$\begin{array} { r r r } \text { Price } & \begin{array} { c } \text { Quantity } \\\text { Demanded }\end{array} & \begin{array} { c } \text { Quantity } \\\text { Supplied }\end{array} \\\$ 100 & 1,000 & 100 \\150 & 900 & 300 \\200 & 800 & 500 \\250 & 600 & 600 \\300 & 300 & 650\end{array}$$
-Refer to Table 2.1. Suppose that an increase in consumer incomes results in the demand for CD players increasing by 350 units at every price. With the supply of CD players remaining constant, the new equilibrium price will be

A) $100
B) $150
C) $200
D) $300

Correct Answer:

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