QUESTION 43:
The schedule below shows the supply and demand for roller rink tickets. What is the equilibrium quantity and price?
Price per Ticket | Quantity Demanded | Quantity Supplied
$2.50 | 13 | 7
$3.00 | 12 | 8
$3.50 | 11 | 9
$4.00 | 10 | 10
$4.50 | 9 | 11
Select the correct answer below:
There is no equilibrium present.
$q = 12, p = \$3.00$
$q = 8, p = \$3.00$
$q = 10, p = \$4.00$