Suppose That the Demand Curve for a Good Is Given

question 74

Multiple Choice

Suppose that the demand curve for a good is given by Q_D = 100 - 2P_D,while the supply curve for the good is given by Q_S = 60 + 2P_S.If the price in this market is currently equal to 20,then the quantity demanded is ______ and the quantity supplied is _____.

• A) 80;80
• B) 100;60
• C) 20;140
• D) 60;100
• E) 140;20

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Definitions:

Records

A collection of related pieces of information stored in a structured format, often in a database.

Self Join

A type of SQL join where a table is joined to itself, allowing for comparisons within the same table.

One-To-One Relationship

In database design, a type of relationship where a record in one table is linked to only one record in another table, and vice versa.

Single-Match Query

A type of database search that looks for only one specific match to the query criteria.