Solved

Let P_D=100-1/2Q_D Be the Demand Curve and P_S= 20+1/2Q_S Be

Question 6

Multiple Choice

Let P_D=100-1/2Q_D be the demand curve and P_S= 20+1/2Q_S be the supply curve.Which of the following is the equilibrium price?

A) P=80
B) P=100
C) P=60
D) P=120

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