Let P_D=100-1/2Q_D Be the Demand Curve and P_S= 20+1/2Q_S Be

question 6

Multiple Choice

Let P_D=100-1/2Q_D be the demand curve and P_S= 20+1/2Q_S be the supply curve.Which of the following is the equilibrium price?

• A)P=80
• B)P=100
• C)P=60
• D)P=120

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