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

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