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<br />### 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.<br /><br />## Step 2: Analyzing the Table Data<br />### We need to find the row in the table where the quantity demanded equals the quantity supplied. Let's examine each row:<br /><br />- At a price of $1: \text{Quantity demanded} = 200, \text{Quantity supplied} = 40$<br />- At a price of $2: \text{Quantity demanded} = 180, \text{Quantity supplied} = 60$<br />- At a price of $3: \text{Quantity demanded} = 160, \text{Quantity supplied} = 80$<br />- At a price of $4: \text{Quantity demanded} = 140, \text{Quantity supplied} = 100$<br />- At a price of $5: \text{Quantity demanded} = 120, \text{Quantity supplied} = 120$<br />- At a price of $6: \text{Quantity demanded} = 100, \text{Quantity supplied} = 140$<br /><br />## Step 3: Identifying the Equilibrium Point<br />### 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.