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Suppose That the Demand Curve for a Good Is Given

Question 34

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.The equilibrium quantity is ______ and the equilibrium price is _____.


A) 60;20
B) 20;60
C) 20;20
D) 60;60
E) 30;80

Correct Answer:

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