Multiple Choice
If demand is represented as Qd = 24 - P and supply is represented as Qs = 6 + 2P, the demand curve intersects the y axis at a price of ________ and the supply curve intersects the y axis at a price of ________
A) $1; $2
B) $24; $6
C) $23; $8
D) $30; $3
Correct Answer:
Verified
Correct Answer:
Verified
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