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

question 46

Multiple Choice

(Advanced analysis) The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0.2Q. The equilibrium price for X is

• A) $2.
• B) $4.
• C) $6.
• D) $7.

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