Refer to the following graph. Which of the following pairs of equations describes the supply and demand curves?
A) Qs = 0.4P + 10; Qd =30 + P, respectively
B) Qs = 0.4P + 10; Qd =30, respectively
C) Qs = 2.5P − 25; P = 30 + P, respectively
D) Qs = 2.5P − 25; P = 30, respectively

Question

Refer to the following graph.  Which of the following pairs of equations describes the supply and demand curves?
A) Qs = 0.4P + 10; Qd =30 + P, respectively 
B) Qs = 0.4P + 10; Qd =30, respectively 
C) Qs = 2.5P − 25; P = 30 + P, respectively 
D) Qs = 2.5P − 25; P = 30, respectively

Quizplus · Accepted Answer

The Answer of Refer to the following graph.  Which of the following pairs of equations describes the supply and demand curves?
A) Qs = 0.4P + 10; Qd =30 + P, respectively 
B) Qs = 0.4P + 10; Qd =30, respectively 
C) Qs = 2.5P − 25; P = 30 + P, respectively 
D) Qs = 2.5P − 25; P = 30, respectively

Refer to the Following Graph