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:For a supply curve; an increase in the price of a…The market supply curve slopes upwards from left to…The price of a good rises from N5 to N8 and the…A shift in supply curve indicates that a different…Given that demand and price remain unchanged an…SEE ALSO The Quantity Theory of Money state that an increase in the quantity of money would bring about?