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Price D 1 D 2 S 1 S 2 $12 5 9 19 14 $10 8 12 17 12 $8 11 15 15 10 $6

Price

D 1

D 2

S 1

S 2

$12

5

9

19

14

$10

8

12

17

12

$8

11

15

15

10

$6

13

18

13

8

$4

16

21

11

6

$2

18

24

9

4



Table 2

If D2 and S2 represent the demand and supply schedules in a particular market, then the equilibrium price and quantity are ________ and _________, respectively.

$10; 12

$6; 18

$8; 15

$12; 12

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