The supply and demand equations for a product are p = q + 20 and p = 200 -
Q,respectively,where q represents the number of units and p represents the price per unit in dollars.The equilibrium price is
A) $10.
B) $20.
C) $30.
D) $40.
E) $50.

Question

The supply and demand equations for a product are p =  q + 20 and p = 200 - 
Q,respectively,where q represents the number of units and p represents the price per unit in dollars.The equilibrium price is
A) $10. 
B) $20. 
C) $30. 
D) $40. 
E) $50.

Quizplus · Accepted Answer

The Answer of The supply and demand equations for a product are p =  q + 20 and p = 200 - 
Q,respectively,where q represents the number of units and p represents the price per unit in dollars.The equilibrium price is
A) $10. 
B) $20. 
C) $30. 
D) $40. 
E) $50.

The Supply and Demand Equations for a Product Are P