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Assume That the Price Per Unit D of a Certain

Question 57

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Assume that the price per unit d of a certain item to the consumer is given by the equation Assume that the price per unit d of a certain item to the consumer is given by the equation   where x is the number of units in demand. The price per unit from the supplier is given by the equation   where x is the number of units supplied. Find the equilibrium price and the equilibrium quantity. A)  equilibrium price: $50 per unit; equilibrium quantity: 30 units B)  equilibrium price: $30 per unit; equilibrium quantity: 50 units C)  equilibrium price: $20 per unit; equilibrium quantity: 50 units D)  equilibrium price: $35 per unit; equilibrium quantity: 50 units where x is the number of units in demand. The price per unit from the supplier is given by the equation Assume that the price per unit d of a certain item to the consumer is given by the equation   where x is the number of units in demand. The price per unit from the supplier is given by the equation   where x is the number of units supplied. Find the equilibrium price and the equilibrium quantity. A)  equilibrium price: $50 per unit; equilibrium quantity: 30 units B)  equilibrium price: $30 per unit; equilibrium quantity: 50 units C)  equilibrium price: $20 per unit; equilibrium quantity: 50 units D)  equilibrium price: $35 per unit; equilibrium quantity: 50 units where x is the number of units supplied. Find the equilibrium price and the equilibrium quantity.


A) equilibrium price: $50 per unit; equilibrium quantity: 30 units
B) equilibrium price: $30 per unit; equilibrium quantity: 50 units
C) equilibrium price: $20 per unit; equilibrium quantity: 50 units
D) equilibrium price: $35 per unit; equilibrium quantity: 50 units

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