Multiple Choice
-Refer to the above information to answer this question.If demand increases by 20 units,what will be the new values of equilibrium price and quantity?
A) $45 and 120.
B) $50 and 120.
C) $55 and 120.
D) $52.50 and 110.
E) $52.50 and 120.
Correct Answer:
Verified
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