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Find the Equilibrium Point of the Demand and Supply Equations

Question 73

Multiple Choice

Find the equilibrium point of the demand and supply equations.(The equilibrium point is the price p and number of units x that satisfy both the demand and supply equations.) Demand Supply
P = 36 - 0.02x p = 0.5x - 380


A) Find the equilibrium point of the demand and supply equations.(The equilibrium point is the price p and number of units x that satisfy both the demand and supply equations.) Demand Supply P = 36 - 0.02x p = 0.5x - 380 A) B) C) D) E) inconsistent
B) Find the equilibrium point of the demand and supply equations.(The equilibrium point is the price p and number of units x that satisfy both the demand and supply equations.) Demand Supply P = 36 - 0.02x p = 0.5x - 380 A) B) C) D) E) inconsistent
C) Find the equilibrium point of the demand and supply equations.(The equilibrium point is the price p and number of units x that satisfy both the demand and supply equations.) Demand Supply P = 36 - 0.02x p = 0.5x - 380 A) B) C) D) E) inconsistent
D) Find the equilibrium point of the demand and supply equations.(The equilibrium point is the price p and number of units x that satisfy both the demand and supply equations.) Demand Supply P = 36 - 0.02x p = 0.5x - 380 A) B) C) D) E) inconsistent
E) inconsistent

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