The Demand for Commodity X Is Represented by the Equation

question 159

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.After the change in demand, the new equilibrium quantity is:

• A)10
• B)20
• C)15
• D)30

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Definitions:

Psychoactive Drugs

Substances that affect the mind, mood, or behavior by altering the chemical processes in the brain.

Insomnia

A sleep disorder characterized by difficulty falling asleep, staying asleep, or experiencing restorative sleep, leading to daytime impairment.

Barbiturate

A class of drugs derived from barbituric acid, acting as a central nervous system depressant, used for sedation, anesthesia, or to treat seizures.

Opiates

A group of drugs derived from opium, used for their analgesic, sedative, and narcotic properties, often prescribed for pain relief but also associated with addiction and abuse.