The table gives the demand and supply schedules for T-shirts. What is the equilibrium price of a T-shirt and the equilibrium quantity of T-shirts per day? The equilibrium quantity of T-shirts is square a day. The equilibrium price is square a T-shirt.

## Step 1: Understanding Equilibrium### The equilibrium price and quantity occur where the quantity demanded equals the quantity supplied. This is the point at which the market for T-shirts is balanced, meaning there is no surplus or shortage.## Step 2: Analyzing the Table Data### We need to find the row in the table where the quantity demanded equals the quantity supplied. Let's examine each row:- At a price of - At a price of - At a price of - At a price of - At a price of - At a price of ## Step 3: Identifying the Equilibrium Point### From the data, we observe that at a price of $5, the quantity demanded (120) equals the quantity supplied (120). Therefore, this is the equilibrium point.