The Following Equations Represent the Demand and Supply for Silver

question 13

Multiple Choice

The following equations represent the demand and supply for silver pendants. Q^D = 50 - 2P
Q^S = -10 + 2P
What is the equilibrium price (P) and quantity (Q - in thousands) of pendants?

• A) P = $15; Q = 20 thousand
• B) P = $50; Q = 10 thousand
• C) P = $20; Q = 15 thousand
• D) P = $10; Q = 30 thousand

---

Definitions:

Job Specification

A statement of the needed knowledge, skills, and abilities of the person who is to perform the job.

Legal Challenges

Issues or disputes that require resolution through the legal system.

Performance Requirements

The expected levels of achievement or standards that must be met in a job or task.

Valid Job-Related Criteria

Qualifications and requirements that are legitimately required for a job and are used as the basis for employment decisions to ensure fairness and effectiveness in the selection process.