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In the Market for Good X, Demand Is Q^D =

Question 15

Multiple Choice

In the market for good X, demand is Q^D = 6,000 - 0.8P and supply is Q^S = 0.4P - 300. What is the equilibrium quantity?

A) 1,200
B) 1,800
C) 4,800
D) 5,250
Indicate one or more answer choices that best complete the statement or answer the question.

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