If M = $15,000 and = $20 and the supply function is , equilibrium price and quantity
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Question:
If M = $15,000 and = $20 and the supply function is , equilibrium price and quantity are, respectively,
a.P = $55 and Q = 195.
b.P = $6 and Q = 38.
c.P = $12 and Q = 200.
d.P = $50 and Q = 170.
e.P = $40 and Q = 250.
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