Multiple Choice
Demand for a product is given by Q = 100 - P and supply is given by Q = P - 10.If the quantity demanded rises by 10 units at every possible price,then the equilibrium price will
A) increase by $5
B) increase by $10
C) decrease by $5
D) increase by $7.50
Correct Answer:
Verified
Correct Answer:
Verified
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