Suppose that the demand and supply curves in the market for carrots have the following functional forms: QD = 250 - 4p and QS = 10 + p. The equilibrium quantity and price would then be
A) Q = 68, p = 108.
B) Q = 92, p = 48.
C) Q = 58, p = 48.
D) Q = 48, p = 58.
E) Q = 68, p = 98.
Correct Answer:
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