When P = $65,the Quantity Demanded of a Good Is

question 116

Multiple Choice

When P = $65,the quantity demanded of a good is 80 units,and the quantity supplied of the good is 40 units.For every $10 increase in the price of this good,quantity demanded falls by 10 units and quantity supplied rises by 10 units.The equilibrium price of this good is ___________and the equilibrium quantity of this good is _________ units.

• A)$55;30
• B)$75;50
• C)$75;70
• D)$85;50
• E)$85;60

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Definitions:

Vital Capacity

The maximum amount of air a person can expel from the lungs after a maximum inhalation, measuring lung health.

Vital Capacity

The maximum amount of air a person can expel from the lungs after a maximum inhalation, important in assessing respiratory health.

Molecular Oxygen

A diatomic molecule made up of two oxygen atoms, essential for processes such as respiration in aerobic organisms.

Hemoglobin

An iron-containing protein in red blood cells that transports oxygen from the lungs to the tissues and carbon dioxide back to the lungs.