The Following Are the Equations for the Supply and Demand

question 138

Multiple Choice

The following are the equations for the supply and demand curves in the market for weezils: where Qd is the quantity demanded, Qs is the quantity supplied, and P is the price per weezil in dollars.
-Refer to Exhibit 4-1.If consumers decide that they want 20 percent fewer weezils at every price, the equation for the new demand curve for weezils will be

• A)Qd = 20 − 1.6P.
• B)Qd = 0.2(20 − 2
• P).
• C)Qd = 0.8(20 − 2
• P).
• D)Qd = 80(20 − 2

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