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Market Demand Is QD = 200 - 6P

Question 121

Multiple Choice
Market demand is Q<sub>D </sub>= 200 - 6P.Market supply is Q<sub>S </sub>= 4P.In a perfectly competitive equilibrium,what will be the price

Market demand is QD = 200 - 6P.Market supply is QS = 4P.In a perfectly competitive equilibrium,what will be the price


A) $150
B) $120
C) $30
D) $20

Correct Answer:

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