Suppose That the Demand Curve for a Good Is Given

question 123

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.The equilibrium quantity is ______ and the equilibrium price is _____.

• A) 10;80
• B) 80;10
• C) 100;60
• D) 60;100
• E) 120;100

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Definitions:

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