Multiple Choice
Use the following demand and supply functions to answer the following. Demand: Supply:
-Equilibrium price and output are
A) P = $5 and Q = 70.
B) P = $11 and Q = 3.32.
C) P = $12 and Q = 44.
D) P = $15 and Q = 50.
E) none of the above
Correct Answer:
Verified
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