QUESTION 16
Price
Level
Aggregate
Demand
Aggregate
Supply
100
10,000
4,000
200
9,000
5,000
300
8,000
5,000
400
7,000
7,000
500
6,000
8,500
600
5,000
9,000
700
4,000
9,500
The above table shows the aggregate supply and demand data for a country.
What is the equilibrium price level?
$\bigcirc$ 200
$\bigcirc$ 500
$\bigcirc$ 800
$\bigcirc$ 400
QUESTION 17