Narrbegin Exhibit 10 Narrend
-In Exhibit 10

Narrbegin Exhibit 10.3 Price and demand for permits data
$$\begin{array} { |c | c |} \hline \text { Price } & \text { Quantity } \\\hline 10 & 110 \\\hline 20 & 100 \\\hline 30 & 90 \\\hline 40 & 80 \\\hline 50 & 70 \\\hline 60 & 60\\\hline\end{array}$$ Narrend
-In Exhibit 10.3, if the 'cap' is set at 80 permits, and the demand for the permits decreased by 20 units at each price level, the resulting price of permits is equal to:

A) $50.
B) $30.
C) $10.
D) $20

Correct Answer:

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