Given a market demand curve Q=120-2p and a supply curve Q = 4p, the equilibrium price and quantity respectively are? by Sunday | Aug 2 | 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:SS2 First Term Economics Lesson Note – Elasticity of…A decrease in supply with demand remaining unchanged…What is the elasticity of demand for commodity X, if…Where p = price in naira, Qd = Quantity demanded and…The gap between demand and supply curves above the…