Which of the following pairs of equations describes the supply and demand curves given in the accompanying demand and supply tables?
A) Qs = P - 40; Qd = 40P, respectively
B) Qs = P - 20; Qd = 40, respectively
C) Qs = 2P - 40; Qd = 40, respectively
D) cannot be determined
Correct Answer:
Verified
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