Retailers Will Buy 45 Cordless Phones from a Wholesaler If

question 81

Multiple Choice

Retailers will buy 45 cordless phones from a wholesaler if the price is $10 each but only 20 if the price is $60. The wholesaler will supply 35 phones at $30 each and 56 at $42 each. Assuming the supply and demand functions are linear, find the market equilibrium point . ​

• A)market equilibrium point:
• B)market equilibrium point:
• C)market equilibrium point:
• D)market equilibrium point:
• E)market equilibrium point:

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