Consider a Perfectly Competitive Market with Market Supply $Q ^ { s } = - 2 + P$

question 45

Multiple Choice

Consider a perfectly competitive market with market supply $Q ^ { s } = - 2 + P$ and market demand $Q ^ { d } = 30 - P$ . What is the equilibrium quantity in this market?

• A)12
• B)14
• C)16
• D)18

---

Definitions:

Intrinsic Rewards

Satisfaction or pleasure derived from the activity itself rather than from external rewards or outcomes.

Unique Phases

Distinct periods within a process or lifecycle that are characterized by specific features or events.

Middle Adulthood

A phase in the human lifespan, typically from about 40 to 65 years of age, characterized by stability, maturity, and increased responsibility.

Family

A social unit consisting of parents and their children, considered as a group, whether dwelling together or not.