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Suppose That the Demand Curve for a Good Is Given

Question 54

Multiple Choice

Suppose that the demand curve for a good is given by QD = 80 - PD,while the supply curve for the good is given by QS = 3PS.If the price in this market is currently equal to 10,then the quantity demanded is ______ and the quantity supplied is _______.


A) 30;70
B) 30;80
C) 80;30
D) 80;3
E) 70;30

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