(Advanced Analysis) the Demand for Commodity X Is Represented by the Equation

question 110

Multiple Choice

(Advanced analysis) The demand for commodity X is represented by the equation P = 100 - 2Q and supply by the equation P = 10 + 4Q. The equilibrium quantity is

• A) 10.
• B) 20.
• C) 15.
• D) 30.

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