When P = $65,the Quantity Demanded of a Good Is

question 116

Multiple Choice

When P = $65,the quantity demanded of a good is 80 units,and the quantity supplied of the good is 40 units.For every $10 increase in the price of this good,quantity demanded falls by 10 units and quantity supplied rises by 10 units.The equilibrium price of this good is ___________and the equilibrium quantity of this good is _________ units.

• A)$55;30
• B)$75;50
• C)$75;70
• D)$85;50
• E)$85;60

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Definitions:

Communal Healing Rituals

Practices or ceremonies performed within a community to address collective trauma, illness, or conflict, aiming at emotional or physical healing.

Mourning Wars

Conflicts engaged in by indigenous peoples of the northeastern Americas primarily as a way to obtain captives to replace lost community members.

Iroquois

A historically powerful northeast Native American confederacy known for its political and organizational skills, encompassing several tribes.

Huron Nation

A confederation of four Iroquoian-speaking Native American tribes who lived in the Great Lakes region, known for their role in the fur trade in the 17th century.