Multiple Choice
(Advanced analysis) Answer the question on the basis of the following information.The demand for commodity X is represented by the equation P = 100 - 2Q and supply by the equation P = 10 + 4Q. Refer to the given information.The equilibrium price is:
A) $50.
B) $70.
C) $80.
D) $130.
Correct Answer:
Verified
Correct Answer:
Verified
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