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The Following Are the Equations for the Supply and Demand

Question 299

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The following are the equations for the supply and demand curves in the market for weezils: The following are the equations for the supply and demand curves in the market for weezils: where Q <sub> d </sub> is the quantity demanded, Q <sub> s </sub> is the quantity supplied, and P is the price per weezil in dollars. Refer to Exhibit 4-1. If consumers decide that they want 20 percent fewer weezils at every price, the equation for the new demand curve for weezils will be A) Q <sub> d </sub> = 20 − 1.6P. B) Q <sub> d </sub> = 0.2(20 − 2P) . C) Q <sub> d </sub> = 0.8(20 − 2P) . D) Q <sub> d </sub> = 80(20 − 2P) . The following are the equations for the supply and demand curves in the market for weezils: where Q <sub> d </sub> is the quantity demanded, Q <sub> s </sub> is the quantity supplied, and P is the price per weezil in dollars. Refer to Exhibit 4-1. If consumers decide that they want 20 percent fewer weezils at every price, the equation for the new demand curve for weezils will be A) Q <sub> d </sub> = 20 − 1.6P. B) Q <sub> d </sub> = 0.2(20 − 2P) . C) Q <sub> d </sub> = 0.8(20 − 2P) . D) Q <sub> d </sub> = 80(20 − 2P) . where Q d is the quantity demanded, Q s is the quantity supplied, and P is the price per weezil in dollars. Refer to Exhibit 4-1. If consumers decide that they want 20 percent fewer weezils at every price, the equation for the new demand curve for weezils will be


A) Q d = 20 − 1.6P.
B) Q d = 0.2(20 − 2P) .
C) Q d = 0.8(20 − 2P) .
D) Q d = 80(20 − 2P) .

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