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Refer to the Graph Shown

Question 224

Multiple Choice

Refer to the graph shown. If this graph represents a monopoly market, the equilibrium price and quantity will be: Refer to the graph shown. If this graph represents a monopoly market, the equilibrium price and quantity will be: A) Q<sub>d</sub>= 1,000 - 20P. B) Q<sub>d</sub>= 1,000 - 50P. C) Q<sub>d</sub>= 20 - 1,000P. D) Q<sub>d</sub>= 50 - 1,000P.


A) Qd= 1,000 - 20P.
B) Qd= 1,000 - 50P.
C) Qd= 20 - 1,000P.
D) Qd= 50 - 1,000P.

Correct Answer:

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