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The Supply and Demand Equations for a Product Are P

Question 36

Multiple Choice

The supply and demand equations for a product are p = The supply and demand equations for a product are p = q + 20 and p = 200 - Q,respectively,where q represents the number of units and p represents the price per unit in dollars.The equilibrium price is A) $10. B) $20. C) $30. D) $40. E) $50. q + 20 and p = 200 - The supply and demand equations for a product are p = q + 20 and p = 200 - Q,respectively,where q represents the number of units and p represents the price per unit in dollars.The equilibrium price is A) $10. B) $20. C) $30. D) $40. E) $50.
Q,respectively,where q represents the number of units and p represents the price per unit in dollars.The equilibrium price is


A) $10.
B) $20.
C) $30.
D) $40.
E) $50.

Correct Answer:

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