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    Exam 8: The Theory of Perfect Competition
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    If Demand Is Given by P = 75 - 3Q
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If Demand Is Given by P = 75 - 3Q

Question 43

Question 43

Multiple Choice

If Demand is given by P = 75 - 3Q and Supply is given by P = 12 + 4Q, then the equilibrium (Q,P) is:


A) (9,48) .
B) (11,55) .
C) (7,54) .
D) (8,44) .

Correct Answer:

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