Which of the following pairs of equations describes the supply and demand curves given in the accompanying demand and supply tables? $$\begin{array} { | c | c | c | }
\hline \text { Price } & \text { Quantity Supplied } & \text { Quantity Demanded } \
\hline \$ 0 & 0 & 3 \
\hline \$ 1 & 0 & 2 \
\hline \$ 2 & 1 & 1 \
\hline \$ 3 & 2 & 0 \
\hline \$ 4 & 3 & 0 \
\hline \$ 5 & 4 & 0 \
\hline
\end{array}$$
A) Qs = 1; Qd = 1 ? 3P, respectively
B) Qs = P; Qd = 3 ? 3P, respectively
C) Qs = P + 1; Qd = 3 ? P, respectively
D) Qs = P ? 1; Qd = 3 ? P, respectively

Question

Which of the following pairs of equations describes the supply and demand curves given in the accompanying demand and supply tables? $$\begin{array} { | c | c | c | } 
\hline \text { Price } & \text { Quantity Supplied } & \text { Quantity Demanded } \
\hline \$ 0 & 0 & 3 \
\hline \$ 1 & 0 & 2 \
\hline \$ 2 & 1 & 1 \
\hline \$ 3 & 2 & 0 \
\hline \$ 4 & 3 & 0 \
\hline \$ 5 & 4 & 0 \
\hline
\end{array}$$
A) Qs = 1; Qd = 1 ? 3P, respectively
B) Qs = P; Qd = 3 ? 3P, respectively
C) Qs = P + 1; Qd = 3 ? P, respectively
D) Qs = P ? 1; Qd = 3 ? P, respectively

Quizplus · Accepted Answer

The Answer of Which of the following pairs of equations describes the supply and demand curves given in the accompanying demand and supply tables? $$\begin{array} { | c | c | c | } 
\hline \text { Price } & \text { Quantity Supplied } & \text { Quantity Demanded } \
\hline \$ 0 & 0 & 3 \
\hline \$ 1 & 0 & 2 \
\hline \$ 2 & 1 & 1 \
\hline \$ 3 & 2 & 0 \
\hline \$ 4 & 3 & 0 \
\hline \$ 5 & 4 & 0 \
\hline
\end{array}$$
A) Qs = 1; Qd = 1 ? 3P, respectively
B) Qs = P; Qd = 3 ? 3P, respectively
C) Qs = P + 1; Qd = 3 ? P, respectively
D) Qs = P ? 1; Qd = 3 ? P, respectively

Which of the Following Pairs of Equations Describes the Supply