​Find the Market Equilibrium Point for the Following Demand and Supply

question 12

Multiple Choice

​Find the market equilibrium point for the following demand and supply functions below,where p is price per unit and q is the number of units produced and sold. Demand: Supply:

• A) ​ ,
• B) ​​ ,
• C) ​ ,
• D) ​ ,
• E) ​ ,

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Definitions:

B. F. Skinner

An American psychologist and behaviorist known for his work in developing the theory of operant conditioning, which uses consequences to modify the occurrence and form of behavior.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Methodological Behaviorist

A perspective in psychology that focuses on observable behaviors and external environmental factors as the primary means of understanding and studying psychological phenomena.

Radical Behaviorist

A philosophical stance within the field of behaviorism that emphasizes the external behaviors of people and rejects internal processes such as thoughts and emotions as relevant for understanding behavior.