Q. If demand curve for racing cycles is D = 80200 13P and supply curve is S = 6200 + 12P, What is the equilibrium Quantity?
A) 31220 units
B) 2960 units
C) 41720 units
D) 8750 units
✔ Correct Answer: 41720 units
Exam Insight
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A) 31220 units
B) 2960 units
C) 41720 units
D) 8750 units
✔ Correct Answer: 41720 units
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