Refer to Table 4-5. If the four suppliers listed are the only suppliers in this market and the market demand schedule is: ​
​
$$\begin{array}{cc}\begin{array}{c}\text{ Price }\\ \text{ (Dollars per case) }\end{array}& \begin{array}{c}\text{ Quantity Demanded }\\ \text{ (Cases of water) }\end{array}\\ 0.00& 350\\ 2.00& 300\\ 4.00& 250\\ 6.00& 200\end{array}$$ The equilibrium price and quantity are

A) $0.00 and 350 cases.
B) $4.00 and 250 cases.
C) $2.00 and 300 cases.
D) $6.00 and 200 cases.

Market Demand Schedule

A table showing the quantities of a particular good or service that consumers will purchase at various prices over a specified period.

Equilibrium Price

The pricing point in the market where the amount of goods being sold matches the amount being sought.

Equilibrium Quantity

The level of goods or services available and needed at the price of equilibrium.