The Demand Function for X Is D(p) = 65 -

question 42

Multiple Choice

The demand function for x is D(p) = 65 - 2p and the supply function is S(p) = 20 + p. The price that should be set to restrict the quantity supplied to 30 units is closest to

• A) $5.
• B) $10.
• C) $15.
• D) $50.
• E) $55.

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Definitions:

Need For Power

A psychological drive that reflects a person's desire to influence, control, or have an impact on others.

Manifest Need

A directly expressed or overt requirement or desire.

Desire to Influence

The motivation or ambition to impact or shape others' beliefs, attitudes, or actions towards a certain direction or outcome.

Eustress

Positive stress that can have beneficial effects on health, motivation, performance, and emotional well-being, unlike distress.