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Use the Following Demand and Supply Functions: Demand: Supply

Question 5

Multiple Choice

Use the following demand and supply functions: Demand: Use the following demand and supply functions: Demand: Supply: Equilibrium price and output are A) P = $5 and Q = 70. B) P = $11 and Q = 3.32. C) P = $12 and Q = 44. D) P = $15 and Q = 50. E) none of the above Supply: Use the following demand and supply functions: Demand: Supply: Equilibrium price and output are A) P = $5 and Q = 70. B) P = $11 and Q = 3.32. C) P = $12 and Q = 44. D) P = $15 and Q = 50. E) none of the above Equilibrium price and output are


A) P = $5 and Q = 70.
B) P = $11 and Q = 3.32.
C) P = $12 and Q = 44.
D) P = $15 and Q = 50.
E) none of the above

Correct Answer:

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