Suppose That the Demand and Supply Curves in the Market

question 15

Multiple Choice

Suppose that the demand and supply curves in the market for carrots have the following functional forms: Q_D = 250 - 4p and Q_S = 10 + p. The equilibrium quantity and price would then be

• A)Q = 68, p = 108.
• B)Q = 92, p = 48.
• C)Q = 58, p = 48.
• D)Q = 48, p = 58.
• E)Q = 68, p = 98.

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