In a Market the Demand Curve Is Given by P

question 8

Multiple Choice

In a market the demand curve is given by P = 100 - 2q and supply by P = 2q.What are the equilibrium price and quantity traded?

• A)P* = 25, q* = 25
• B)P* = 100, q* = 50
• C)P* = 50, q* = 50
• D)P* = 50, q* = 25
• E)None of the above.

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A transparent optical device used to converge or diverge transmitted light and to form images.

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