Given a market demand curve Q=120-2p and a supply curve Q = 4p, the equilibrium price and quantity respectively are? By: Sunday|Published on: Aug 2|Categories: Economics WAEC| 0 comments A. 20 and 80 B. 30 and 120 C. 40 and 60 D. 60 and 240 Correct Answer: Option A – 20 and 80 Users Also Read These:The market supply curve slopes upward from left to…If the price of margarine rises substantially, the…The gap between demand and supply curve below the…For a supply curve; an increase in the price of a…If demand increases without a change in supply;…SEE ALSO When price of a commodity is fixed by the law either below or above the equilibrium, the mechanism is known as?