The Demand for Commodity X Is Represented by the Equation

question 39

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 price is:

• A)$2
• B)$4
• C)$6
• D)$7

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Definitions:

Sacrum

A large, triangular bone at the base of the spine and at the upper and back part of the pelvic cavity, formed by the fusion of five vertebrae.

Scoliosis

A medical condition characterized by an abnormal lateral curvature of the spine.

Lateral Curvature

Lateral curvature, often referring to scoliosis, is a condition characterized by a sideways curvature of the spine that deviates from the normal straight vertical alignment.

Menisci

Curved fibrocartilaginous structures in the knee joint that serve to distribute weight and reduce friction during movement.