1.if the quantity demanded of a good is given by Qd = 200 - 8*P and the quantity
ID: 1173362 • Letter: 1
Question
1.if the quantity demanded of a good is given by Qd = 200 - 8*P and the quantity supplied of a good is given by Qs = 20 + 4*P then A. the equilibrium price is $15.00 and the equilibrium quantity is 90. B. the equilibrium price is $22.12 and the equilibrium quantity is 20. . C. the equilibrium price is $15.00 and the equilibrium quantity is 40 D. the equilibrium price is $15.00 and the equilibrium quantity is 80. 2. If the quantity demanded of a good is given by Qd = 99 - 3*P and the quantity supplied of a good is given by Qs = 12 + 9*P then A. the equilibrium price is zero and the equilibrium quantity demanded exceeds the equilibrium quantity supplied. B. the equilibrium price is $11.56 and the equilibrium quantity is 23.55. C. the equilibrium price is $7.25 and the equilibrium quantity is 77.25. D. the equilibrium price is $12.63 and the equilibrium quantity is 84.48. 1.if the quantity demanded of a good is given by Qd = 200 - 8*P and the quantity supplied of a good is given by Qs = 20 + 4*P then A. the equilibrium price is $15.00 and the equilibrium quantity is 90. B. the equilibrium price is $22.12 and the equilibrium quantity is 20. . C. the equilibrium price is $15.00 and the equilibrium quantity is 40 D. the equilibrium price is $15.00 and the equilibrium quantity is 80. 2. If the quantity demanded of a good is given by Qd = 99 - 3*P and the quantity supplied of a good is given by Qs = 12 + 9*P then A. the equilibrium price is zero and the equilibrium quantity demanded exceeds the equilibrium quantity supplied. B. the equilibrium price is $11.56 and the equilibrium quantity is 23.55. C. the equilibrium price is $7.25 and the equilibrium quantity is 77.25. D. the equilibrium price is $12.63 and the equilibrium quantity is 84.48. 1.if the quantity demanded of a good is given by Qd = 200 - 8*P and the quantity supplied of a good is given by Qs = 20 + 4*P then A. the equilibrium price is $15.00 and the equilibrium quantity is 90. B. the equilibrium price is $22.12 and the equilibrium quantity is 20. . C. the equilibrium price is $15.00 and the equilibrium quantity is 40 D. the equilibrium price is $15.00 and the equilibrium quantity is 80. 2. If the quantity demanded of a good is given by Qd = 99 - 3*P and the quantity supplied of a good is given by Qs = 12 + 9*P then A. the equilibrium price is zero and the equilibrium quantity demanded exceeds the equilibrium quantity supplied. B. the equilibrium price is $11.56 and the equilibrium quantity is 23.55. C. the equilibrium price is $7.25 and the equilibrium quantity is 77.25. D. the equilibrium price is $12.63 and the equilibrium quantity is 84.48.Explanation / Answer
supply=demand at equil
200-8p=20+4p
p=180/12 = 15 Q= 200-120 =80
option D
2)99-3p=12+9p
p=87/12 =7.25 Q= 12+9*7.25 =77.25
option C
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