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In the market for designer shoes, the demand function (D) is Q=210-1.00P, where Pis the price paid by consumers in dollars per pair of designer
In the market for designer shoes, the demand function (D) is Q=210-1.00P, where Pis the price paid by consumers in dollars per pair of designer shoes and Q is the quantity demanded in thousands. Suppose the supply curve (S) for designer shoes is estimated to be: Q=1.00P. Given this information, the equilibrium price and quantity (respectively) for designer shoes would be given by: O A. P=$135; Q=165,000 O B. P=$125; Q=145,000 C. P=$105; Q=105,000 OD. P=$115; Q=125,000 Clear my choice
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