Multiple Choice
A shoe store owner will buy 10 pairs of a certain shoe if the price is $75 per pair and 30 pairs if the price is $25. The supplier of the shoes is willing to provide 40 pairs if the price is $90 per pair but only 5 pairs if the price is $20. Assuming the supply and demand functions for the shoes are linear, find the market equilibrium point .
A) market equilibrium point:
B) market equilibrium point:
C) market equilibrium point:
D) market equilibrium point:
E) market equilibrium point:
Correct Answer:

Verified
Correct Answer:
Verified
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