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Suppose That the Demand Curve for a Good Is Given

question 34

Multiple Choice

Suppose that the demand curve for a good is given by QD = 80 - PD,while the supply curve for the good is given by QS = 3PS.The equilibrium quantity is ______ and the equilibrium price is _____.

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Definitions:

Hydrogen Chloride

A gaseous compound made of hydrogen and chlorine; when dissolved in water, it forms hydrochloric acid.

Lewis Structure

A graphical representation showing the arrangement of valence electrons around atoms within a molecule, indicating bonds and lone pairs.

Lone Pair

A lone pair refers to a pair of valence electrons that are not shared with another atom and are located in the outer shell of an atom, contributing to the molecule's shape.

Ethene

A colorless flammable gas, also known as ethylene, used as a plant hormone and in the production of polymers such as polyethylene.

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