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(Advanced Analysis) the Demand for Commodity X Is Represented by the Equation

Question 196

Multiple Choice

(Advanced analysis) The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0.2Q. If demand changes from P = 10 - 0.2Q to P = 7 - 0.3Q, the new
Equilibrium quantity is


A) 10.
B) 20.
C) 15.
D) 30.

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