Multiple Choice
If a demand curve and a supply curve can be stated functionally as Qd = 100 - 5P; and Qs = 90 + 5P,respectively,then the equilibrium quantity and price (Q,P) would be
A) 95; 1.
B) 1; 95.
C) 190; 1.
D) 95; 10.
E) 190; 10.
Correct Answer:
Verified
Correct Answer:
Verified
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