Supply $1.60 Price 1.00 .50 Demand 0 130 200 290 Quantity For this question, suppose that the graph above is representing the monthly demand and supply curves in the market for hats. The equilibrium price in this market is_ _ and the equilibrium quantity is___? $1.00 and 200, respectively O $0.50 and 130, respectively. O $1.00 and 290, respectively. $1.60 and 290, respectively