The Following Equations Represent the Demand and Supply for Bird

question 257

Multiple Choice

The following equations represent the demand and supply for bird feeders. QD = 35 - P
QS = -5 + 3P
What is the equilibrium price (P) and quantity (Q - in thousands) of bird feeders?

• A)P = $10;Q = 25 thousand
• B)P = $35;Q = 20 thousand
• C)P = $20;Q = 20 thousand
• D)P = $5;Q = 30 thousand

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Definitions:

Family Life Course

A theoretical model that describes the expected stages and transitions a family goes through over time.

Goals

Targets or desired outcomes that an individual, group, or organization aims to achieve within a specific timeframe.

Extended Families

A family group that extends beyond the nuclear family, including relatives such as grandparents, aunts, uncles, and cousins.

Child Between Marriages

A child born or raised by a parent or parents who have been married more than once, often relating to blended family dynamics.