The demand curve has q-intercept of 40 units and P-intercept of 4 units. These intercept values indicate a demand equation of ___________.

A. Q= 40 - 4P

B. Q = 40 - 10P

C. Q = 40 - P

At any price level below the price equilibrium

A. the quantity supplied is lesser than the quantity demanded.

B. the quantity supplied is equal to the quantity demanded.

C. the quantity supplied is greater than the quantity demanded.

The P-intercept of the given demand equation, Q = 80 - (5/2)P is

A. P22

B. P32

C. P42