Multiple Choice
When P = $5,the quantity demanded of a good is 30 units,and the quantity supplied of the good is 50 units.For every $1 decrease in the price of this good,quantity demanded rises by 5 units and quantity supplied falls by 5 units.The equilibrium price of this good is ___________and the equilibrium quantity of this good is _________ units.
A) $3;40
B) $4;35
C) $2;45
D) $2;35
E) $3;35
Correct Answer:
Verified
Correct Answer:
Verified
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