Demand Is Given by Q_D = 620 - 10·P and Supply

question 21

Multiple Choice

Demand is given by Q_D = 620 - 10·P and supply is given by Q_S = 100 + 3·P.What is the price and quantity when the market is in equilibrium?

• A) The price will be $30 and the quantity will be 132 units.
• B) The price will be $11 and the quantity will be 122 units.
• C) The price will be $40 and the quantity will be 220 units.
• D) The price will be $35 and the quantity will be 137 units
• E) The price will be $10 and the quantity will be 420 units.

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Hearing

The sensory process by which sounds are perceived, involving the ear's detection of sound waves and their transmission to the brain.

Direct Approach

A communication strategy that involves straightforward and explicitly stating one's intentions or message without ambiguity.

Bad News

Unfavorable or unwelcome information that is transmitted or received, often invoking disappointment or sadness.

Goodwill Statement

A message that aims to foster positive feelings, build rapport, or enhance the relationship between parties, often used in business communications.