Use the Following General Linear Demand Relation to Answer Questions $$Q _ { d } = 680 - 9 P + 0.006 M - 4 P _ { R }$$

question 14

Multiple Choice

Use the following general linear demand relation to answer questions : $$Q _ { d } = 680 - 9 P + 0.006 M - 4 P _ { R }$$ where M is income and $P _ { R }$ is the price of a related good, R.
-If M = $15,000 and $P _ { R }$ = $20 and the supply function is $Q _ { s } = 30 + 3 P$ , equilibrium price and quantity are, respectively,

• A) P = $55 and Q = 195.
• B) P = $6 and Q = 38.
• C) P = $12 and Q = 200.
• D) P = $50 and Q = 170.
• E) P = $40 and Q = 250.

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Definitions:

Heteronormativity

A cultural bias favoring heterosexual relationships and identities, often marginalizing those who do not fit into this norm.

Binary Categories

Conceptual divisions based on two mutually exclusive and opposite classifications, such as male/female or true/false, often criticized for oversimplification.

Essentialists

Philosophers or theorists who believe in the intrinsic, fundamental nature of entities.

Reproductive Advantage

The evolutionary benefit that certain individuals or traits have over others, leading to a greater likelihood of survival and reproduction.