Let Demand Be Given by P = 20 - 3Q

question 7

Multiple Choice

Let demand be given by P = 20 - 3Q and supply by P = 5 + 2Q. Equilibrium quantity will be:

• A)5
• B)3
• C)11
• D)10

---

Definitions:

New York Real Estate

The market segment dealing with the buying, selling, and renting of properties in New York.

Canton

A term often used to describe administrative divisions or regions in certain countries, notably in Switzerland where it refers to member states of the federation.

Trade Relations

The economic interactions and reciprocal policies that govern commerce between different countries or regions.