The Demand Function for Schrecklichs Is 200 - 4P_S -2P_L

question 3

Multiple Choice

the demand function for Schrecklichs is 200 - 4P_S -2P_L and the demand function for LaMerdes is 200 - 3P_L - P_S, where P_S and P_L are respectively the price of Schrecklichs and LaMerdes.If the world supply of Schrecklichs is 140 and the world supply of LaMerdes is 180, then the equilibrium price of Schrecklichs is

• A)$15.
• B)$14.
• C)$2.
• D)$16.
• E)$28.

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Definitions:

Spinal Cord

The central nerve column that runs down the back and transmits messages between the brain and the rest of the body.

Neurons

Specialized cells transmitting nerve impulses; the basic building blocks of the nervous system.

Nerve Cells

Specialized cells that transmit electrical signals throughout the body, forming the basis of the nervous system.

Reflexes

Automatic, involuntary responses to specific stimuli that do not require conscious thought.