Multiple Choice
the demand function for Schrecklichs is 200 - 4PS -2PL and the demand function for LaMerdes is 200 - 3PL - PS, where PS and PL are respectively the price of Schrecklichs and LaMerdes.If the world supply of Schrecklichs is 140 and the world supply of LaMerdes is 180, then the equilibrium price of Schrecklichs is
A) $15.
B) $14.
C) $2.
D) $16.
E) $28.
Correct Answer:
Verified
Correct Answer:
Verified
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