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Suppose That the Demand Curve for a Good Is Given

Question 155

Multiple Choice

Suppose that the demand curve for a good is given by QD = 60 - 0.5PD,while the supply curve for the good is given by QS = 20 + 0.5PS.If the price in this market is currently equal to 30,then the quantity demanded is ______ and the quantity supplied is _____.


A) 60;20
B) 35;45
C) 45;35
D) 20;60
E) 40;40

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