O $25
$100
Supply-and-Demand Schedule for Cell Phones
4
Price of Cell Phones
$25
$50
$100
$150
$200
Quantity Supplied Quantity Demanded
of Cell Phones
200
300
400
500
of Cell Phones
500
450
300
In the supply-and-demand schedule shown above, the equilibrium price for cell phones is
A. $200
B. $25
C. $100
