MCQOPTIONS
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| 1. |
If demand curve for a fishing rod is D = 37000 – 11P and supply curve is S = 12000 + 9P, find the equilibrium quantity? |
| A. | 1250 units |
| B. | 23250 units |
| C. | 52350 units |
| D. | 2500 units |
| Answer» C. 52350 units | |