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

question 316

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. If demand changed from P = 100 - 2Q to P = 130 - Q, the new
Equilibrium price is

• A) $90.
• B) $110.
• C) $96.
• D) $106.

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