Refer to the following graph. Which of the following pairs of equations describes the supply and demand curves?
A) Qs = 10; Qd = 12 − 0.25P, respectively
B) Qs = 10; Qd = 48 − 2P, respectively
C) Qs = P; Qd = 0.25P + 22, respectively
D) Cannot be determined

Question

Refer to the following graph.  Which of the following pairs of equations describes the supply and demand curves?
A) Qs = 10; Qd = 12 − 0.25P, respectively 
B) Qs = 10; Qd = 48 − 2P, respectively 
C) Qs = P; Qd = 0.25P + 22, respectively 
D) Cannot be determined

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 = 10; Qd = 12 − 0.25P, respectively 
B) Qs = 10; Qd = 48 − 2P, respectively 
C) Qs = P; Qd = 0.25P + 22, respectively 
D) Cannot be determined

Refer to the Following Graph