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    Principles of Macroeconomics Study Set 5
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    Suppose That the Demand Curve for a Good Is Given
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Suppose That the Demand Curve for a Good Is Given

Question 123

Question 123

Multiple Choice

Suppose that the demand curve for a good is given by QD = 100 - 2PD,while the supply curve for the good is given by QS = 60 + 2PS.The equilibrium quantity is ______ and the equilibrium price is _____.


A) 10;80
B) 80;10
C) 100;60
D) 60;100
E) 120;100

Correct Answer:

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