Multiple Choice
The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0.2Q.Refer to the above information.After the change in demand, the new equilibrium price is:
A) $2
B) $4
C) $6
D) $7
Correct Answer:
Verified
Correct Answer:
Verified
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