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Suppose a Mining Company Will Supply 80,000 Tons of Ore

Question 23

Multiple Choice

Suppose a mining company will supply 80,000 tons of ore per month if the price is $25 per ton but will supply only 60,000 tons per month if the price is $20 per ton. Assume the demand function is linear. Choose the correct equation for demand in the form p for price in terms of q for quantity. Round your coefficients to five decimal places. ​


A) Suppose a mining company will supply 80,000 tons of ore per month if the price is $25 per ton but will supply only 60,000 tons per month if the price is $20 per ton. Assume the demand function is linear. Choose the correct equation for demand in the form p for price in terms of q for quantity. Round your coefficients to five decimal places. ​ A)    B)    C)    D)    E)
B) Suppose a mining company will supply 80,000 tons of ore per month if the price is $25 per ton but will supply only 60,000 tons per month if the price is $20 per ton. Assume the demand function is linear. Choose the correct equation for demand in the form p for price in terms of q for quantity. Round your coefficients to five decimal places. ​ A)    B)    C)    D)    E)
C) Suppose a mining company will supply 80,000 tons of ore per month if the price is $25 per ton but will supply only 60,000 tons per month if the price is $20 per ton. Assume the demand function is linear. Choose the correct equation for demand in the form p for price in terms of q for quantity. Round your coefficients to five decimal places. ​ A)    B)    C)    D)    E)
D) Suppose a mining company will supply 80,000 tons of ore per month if the price is $25 per ton but will supply only 60,000 tons per month if the price is $20 per ton. Assume the demand function is linear. Choose the correct equation for demand in the form p for price in terms of q for quantity. Round your coefficients to five decimal places. ​ A)    B)    C)    D)    E)
E) Suppose a mining company will supply 80,000 tons of ore per month if the price is $25 per ton but will supply only 60,000 tons per month if the price is $20 per ton. Assume the demand function is linear. Choose the correct equation for demand in the form p for price in terms of q for quantity. Round your coefficients to five decimal places. ​ A)    B)    C)    D)    E)

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