Multiple Choice
Solve the system graphically.
-The supply function for a product is given by and the demand is given by , where is the price in dollars and is the number of hundreds of units. Find the price that gives market equilibrium and the equilibrium quantity.
A) $305; 1200 units
B) $100; 555 units
C) $255; 1000 units
D) $10; 255 units
Correct Answer:

Verified
Correct Answer:
Verified
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