Consider a market with a demand curve given by q = 120 -P and a supply curve of q = 2P.Solving for q and P yields
A)q = 10, P = 30
B)q = 20, P = 40
C)q = 80, P = 40
D)q = 50, P = 25
E)q = 30, P = 15

Name: Consider a market with a demand curve given by q = 120 -P and a supply curve of q = 2P.Solving for q and P yields A)q = 10, P = 30 B)q = 20, P = 40 C)q = 80, P = 40 D)q = 50, P = 25 E)q = 30, P = 15
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Question

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The Answer is C

Consider a Market with a Demand Curve Given by Q