Multiple Choice
(Advanced analysis) The demand for commodity X is represented by the equation P = 100 - 2Q and supply by the equation P = 10 + 4Q. If demand changed from P = 100 - 2Q to P = 130 - Q, the new equilibrium price is
A) $90.
B) $110.
C) $96.
D) $106.
Correct Answer:
Verified
Correct Answer:
Verified
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