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    Economics Study Set 9
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    Exam 4: Economic Efficiency, Government Price Setting, and Taxes
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    Table 4-13 -Refer to Table 4-13. the Equations Above Describe the Demand
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Table 4-13 -Refer to Table 4-13. the Equations Above Describe the Demand

Question 83

Question 83

Multiple Choice

Table 4-13
Table 4-13    -Refer to Table 4-13. The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion. What are the equilibrium price and quantity (in thousands)  for Aunt Maud's Lotion? A)  $20 and 30 thousand B)  $30 and 20 thousand C)  $60 and 30 thousand D)  $20 and 60 thousand
-Refer to Table 4-13. The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion. What are the equilibrium price and quantity (in thousands) for Aunt Maud's Lotion?


A) $20 and 30 thousand
B) $30 and 20 thousand
C) $60 and 30 thousand
D) $20 and 60 thousand

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