(Advanced Analysis)Answer the Question on the Basis of the Following

question 75

Multiple Choice

(Advanced analysis) Answer the question on the basis of the following information.The demand for commodity X is represented by the equation P = 100 - 2Q and supply by the equation P = 10 + 4Q. Refer to the given information.The equilibrium price is:

• A) $50.
• B) $70.
• C) $80.
• D) $130.

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