Solved

Suppose Demand for a Good Is QD = 100 -

Question 26

Multiple Choice

Suppose demand for a good is QD = 100 - P and supply is QS = -20 + P.Suppose that a nationwide quota (of 20) is enforced so that more can be used in a war effort.What is the price?


A) 20
B) 40
C) 60
D) 80

Correct Answer:

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