Question
Use the following demand and supply functions to answer questions 30 through 32. Demand: Qd= 900-60P Supply: Qs= -200+ 50P Equilibrium price and output are
Use the following demand and supply functions to answer questions 30 through 32.
Demand: Qd= 900-60P
Supply:Qs= -200+ 50P
Equilibrium price and output are
a.P = $7 and Q = 480.
b.P = $10 and Q = 300.
c.P = $20 and Q = 150.
d.P = $100 and Q = 5,300.
e.none of the above
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Microeconomics
Authors: David Besanko, Ronald Braeutigam
5th edition
1118572270, 978-1118799062, 1118799062, 978-1118572276
