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    Managerial Economics and Business Strategy Study Set 1
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    Exam 2: Market Forces: Demand and Supply
  5. Question
    Suppose the Supply of Good X Is Given by Q<sup>s</sup><sub>x</sub>
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Suppose the Supply of Good X Is Given by Qsx

Question 119

Question 119

Multiple Choice

Suppose the supply of good X is given by Qsx = 10 + 2Px.How many units of good X are produced if the price of good X is 20?


A) 10
B) 20
C) 30
D) None of the statements associated with this question are correct.

Correct Answer:

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