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QUESTION
Question 6. Consider a perfectly competitive market. The equilibrium price is 12. The equilib- rium quantity is 440. The supply curve is Q ( P...
Question 6. Consider a perfectly competitive market. The equilibrium price is 12. The equilib- rium quantity is 440. The supply curve is Q (P ) = 200 + 20P . Which of the following could be the demand curve in this market?
a) Noneoftheotheranswersiscorrect.b) Q(P)=500−5P
c) Q(P)=300−10Pd) Q(P)=1000−10P
