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The Demand and Supply of Pickles Are Given by QD

Question 83

Multiple Choice

The demand and supply of pickles are given by QD = 300 - 500P and QS = 400P - 150, where P is the price per pickle and Q measures the quantity of pickles in millions. Suppose the government creates a subsidy of $0.25 per pickle. Which of the following statements are TRUE? The demand and supply of pickles are given by Q<sup>D</sup> = 300 - 500P and Q<sup>S</sup> = 400P - 150, where P is the price per pickle and Q measures the quantity of pickles in millions. Suppose the government creates a subsidy of $0.25 per pickle. Which of the following statements are TRUE? A) II, III, and IV B) I and III C) II and IV D) I, III, and IV


A) II, III, and IV
B) I and III
C) II and IV
D) I, III, and IV

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