Given the Equations Q_dh = 500 - 25P_h and Q_sh=

question 42

Multiple Choice

Given the equations Q_dh = 500 - 25P_h and Q_sh= - 250 + 50 P_h, what is the equilibrium quantity demanded and quantity supplied for fresh Alaskan halibut?

• A) 375
• B) 250
• C) 125
• D) 500
• E) 425

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