Suppose That the Demand Curve for a Good Is Given

question 123

Multiple Choice

Suppose that the demand curve for a good is given by Q_D = 100 - 2P_D,while the supply curve for the good is given by Q_S = 60 + 2P_S.The equilibrium quantity is ______ and the equilibrium price is _____.

• A) 10;80
• B) 80;10
• C) 100;60
• D) 60;100
• E) 120;100

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Definitions:

Low-Carb Diet

A dietary plan that reduces carbohydrate intake in favor of proteins and fats, aimed at weight loss or health maintenance.

Paleo

Often associated with the Paleolithic diet, which is based on the presumed dietary patterns of ancient humans, emphasizing whole foods and limiting processed foods.

Unintended Consequences

Outcomes or effects that are not anticipated or intended, often as a result of an action or decision.

Acute Injuries

Injuries that occur suddenly and typically as a result of a specific impact or traumatic event, often requiring immediate medical attention.