When P = $5,the quantity demanded of a good is 30 units,and the quantity supplied of the good is 50 units.For every $1 decrease in the price of this good,quantity demanded rises by 5 units and quantity supplied falls by 5 units.The equilibrium price of this good is ___________and the equilibrium quantity of this good is _________ units.
A)$3;40
B)$4;35
C)$2;45
D)$2;35
E)$3;35

Question

Quizplus · Accepted Answer

At $3, the quantity demanded is 40 units and the quantity supplied is 40 units, achieving equilibrium.

When P = $5,the Quantity Demanded of a Good Is