12.Based on the information given in the table to the right what is the equilibrium price for pints of premium Ice Cream?
- The equilibrium price can not be estimated with the given information.
- Approximately $ 2.40
- Approximately $ 3.40
- Approximately $ 4.40
- Exactly $ 3.00
|
| Supply and Demand for Ice Cream |
| Price |
Q. Demanded |
Q. Supplied |
| $1.00 |
100 |
25 |
| $2.00 |
95 |
50 |
| $3.00 |
90 |
75 |
| $4.00 |
85 |
100 |
| $5.00 |
80 |
125 |
|
