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    Microeconomics Study Set 2
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    Exam 3: Where Prices Come From: The Interaction of Supply and Demand
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    Table 3.5 -Refer to Table 3.5.The Equations Above Describe the Demand and the Demand
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Table 3.5 -Refer to Table 3.5.The Equations Above Describe the Demand and the Demand

Question 52

Question 52

Multiple Choice

Table 3.5 Table 3.5   -Refer to Table 3.5.The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion.What are the equilibrium price and quantity (in thousands) for Aunt Maud's Lotion? A) $20 and 30 thousand B) $30 and 20 thousand C) $60 and 30 thousand D) $20 and 60 thousand
-Refer to Table 3.5.The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion.What are the equilibrium price and quantity (in thousands) for Aunt Maud's Lotion?


A) $20 and 30 thousand
B) $30 and 20 thousand
C) $60 and 30 thousand
D) $20 and 60 thousand

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