The Demand for Commodity X Is Represented by the Equation

question 194

Multiple Choice

The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0.2Q.Refer to the above information.The equilibrium quantity is:

• A)10
• B)20
• C)15
• D)30

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Definitions:

Generalized Anxiety Disorder

A mental health disorder characterized by excessive, uncontrollable worry about everyday matters.

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A characteristic way in which an individual perceives, feels, believes, or acts.

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A disorder in which a person has recurrent and unwanted thoughts and/or a need to perform repetitive and rigid actions.