Refer to the above diagram. The equilibrium price and quantity in this market will be: A. 1.00 and 200 B. 1.60 and 130. C. .50 and 130. D. 1.60 and 290.

To determine the equilibrium price and quantity, we need to find the point where the supply curve intersects the demand curve. According to the picture details provided, the supply and demand curves intersect at the point (200, 0.50) and (200, 1.00) and (200, 1.00).Step 2: Determine the equilibrium price and quantity.- The equilibrium price is the price at which the quantity supplied equals the quantity demanded.- The equilibrium quantity is the quantity at which the price on the supply curve equals the price on the demand curve.According to the intersection point provided, the equilibrium price is 1.00 and 200.