Multiple Choice
Suppose that the demand and supply curves in the market for apples have the following functional forms: Q D = 250 - 4p and QS = 10 + p.The equilibrium quantity and price would then be
A) Q = 48,p = 58.
B) Q = 58,p = 48.
C) Q = 68,p = 98.
D) Q = 68,p = 108.
E) Q = 92,p = 48.
Correct Answer:
Verified
Correct Answer:
Verified
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