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In a Market the Demand Curve Is Given by P

question 3

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In a market the demand curve is given by P = 100 - 2q and supply by P = 2q.What is CS in the market equilibrium?


Definitions:

Variation Terminology

Language and concepts used to describe how quantities change together.

Formula

A concise way of expressing information symbolically, as in a mathematical or chemical formula.

Extraneous Solutions

Solutions that emerge from the process of solving the problem but do not satisfy the original equation.

Inversely

A relationship between two variables in which one increases as the other decreases, often described by an inverse proportion or relation.

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