Given a market demand curve Q=120-2p and a supply curve Q = 4p, the equilibrium price and quantity respectively are?
-
A.
20 and 80 -
B.
30 and 120 -
C.
40 and 60 -
D.
60 and 240
You May Also Like
An acidic soil can be neutralized by the addition of
An acidic soil can be neutralized by the addition of A. urea B. ammonium sulphate C. wood ash…
Describe the functions of the Stock Exchange. (b) State the types of securities traded…
(a) Describe the functions of the Stock Exchange. (b) State the types of securities traded in the Stock…
What type of fruit is formed from a single flower having several carpels?
What type of fruit is formed from a single flower having several carpels? A. Multipe fruit B. Simple…
From the top of a vertical mast 150m high., two huts on the same ground…
From the top of a vertical mast 150m high., two huts on the same ground level are observed.…
Choose from the options nearest in meaning to the word underlined. The village girl wore…
Choose from the options nearest in meaning to the word underlined. The village girl wore sumptuous clothes? A.…