Suppose Demand for a Good Is Q_D = 100 -

question 20

Multiple Choice

Suppose demand for a good is Q_D = 100 - P and supply is Q_S = -20 + P.What is the equilibrium price?

• A) 20
• B) 40
• C) 60
• D) 80

---

Definitions:

Equality Principle

A concept in social justice and ethics emphasizing fair treatment and equality of opportunity for all individuals.

Equity Principle

A fairness principle that emphasizes equal treatment and opportunities for all, taking into account individual needs and circumstances.

Procedural Justice

Perceptions of fairness of processes or procedures used to determine distributions.

Instrumental Component

The practical usefulness or functionality of something as a means to achieve an end.