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

question 24

Multiple Choice

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

• A) $5.00
• B) $10.00
• C) $15.00
• D) $20.00
• E) $25.00

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