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Refer to the Following Graph

Question 58

Multiple Choice

Refer to the following graph. Refer to the following graph. Which of the following pairs of equations describes the supply and demand curves? A) Qs = 0.4P + 10; Qd =30 + P, respectively B) Qs = 0.4P + 10; Qd =30, respectively C) Qs = 2.5P − 25; P = 30 + P, respectively D) Qs = 2.5P − 25; P = 30, respectively Which of the following pairs of equations describes the supply and demand curves?


A) Qs = 0.4P + 10; Qd =30 + P, respectively
B) Qs = 0.4P + 10; Qd =30, respectively
C) Qs = 2.5P − 25; P = 30 + P, respectively
D) Qs = 2.5P − 25; P = 30, respectively

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