The Demand Curve for Knobs Is P = 75 -

question 180

Multiple Choice

The demand curve for knobs is P = 75 - 6Q_D and the supply curve for knobs is P = 35 + 2Q_S.What is the equilibrium price of a knob?

• A)$5
• B)$45
• C)$40
• D)$10
• E)$75

---

Definitions:

Mild Fatigue

A low level of tiredness or exhaustion that can usually be relieved by rest.

Common Cold

A viral infection of the upper respiratory tract that is characterized by symptoms such as sneezing, coughing, a sore throat, and a runny nose.

Influenza

A highly contagious viral infection that attacks the respiratory system, often referred to as the flu.

Allergy

An immune system reaction to a foreign substance, such as pollen, bee venom, pet dander, or a certain food, that doesn't cause a reaction in most people.