The Following Equations Represent the Demand and Supply for Silver

question 76

Multiple Choice

The following equations represent the demand and supply for silver pendants.
Qᴰ = 50 - 2P
Qˢ = -10 + 2P
What is the equilibrium price (P) and quantity (Q - in thousands) of pendants?

• A)P = $15; Q = 20 thousand
• B)P = $50; Q = 10 thousand
• C)P = $20; Q = 15 thousand
• D)P = $10; Q = 30 thousand

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Definitions:

Nonaromatic

Refers to organic compounds that do not fulfill the criteria for aromaticity, lacking a conjugated system of pi electrons.

Phenanthrene

A polycyclic aromatic hydrocarbon made up of three fused benzene rings, found in coal tar and crude oil.

Carbon Tetrachloride

A colorless liquid with the formula CCl4, historically used as a cleaning agent, fire extinguisher, and refrigerant, now recognized as a carcinogen.

Pyridine

A basic heterocyclic organic compound with the formula C5H5N, featuring a ring structure similar to benzene but with one methine group (\(CH\)) replaced by a nitrogen atom.