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    Business
  3. Study Set
    Intermediate Microeconomics Study Set 1
  4. Exam
    Exam 1: Economic Models
  5. Question
    Let Q<sub>D</sub> = -5P + 54 and Q<sub>S</sub> = P
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Let QD = -5P + 54 and QS = P

Question 18

Question 18

Multiple Choice

Let QD = -5P + 54 and QS = P - 6.Equilibrium can be found at


A) Q = 4; P = 10
B) Q = 6; P = 10
C) P = 6; Q = 0
D) Q = Let Q<sub>D</sub> = -5P + 54 and Q<sub>S</sub> = P - 6.Equilibrium can be found at A)  Q = 4; P = 10 B)  Q = 6; P = 10 C)  P = 6; Q = 0 D)  Q =   ; P = 2 ; P = 2

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