Multiple Choice
Market demand is given as Qd = 200 - 3P.Market supply is given as Qs = 2P + 100.In a perfectly competitive equilibrium, what will price and quantity be?
A) Price will be $20, and quantity will be 140.
B) Price will be $50, and quantity will be 260.
C) Price will be $100, and quantity will be 300.
D) Price will be $140, and quantity will be 380.
Correct Answer:

Verified
Correct Answer:
Verified
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