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Demand and supply functions for good

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Reference no: EM131654725

The demand and supply functions for good X are as follows:

QDx = 270 - 15 Px 

Qsx = -50 + 25 Px,

where Qsx is the quantity supplied of good X, QDx is the quantity demanded of good X, and Px is the price of good X. The equilibrium quantity and price of good X are

A. 160; 8.  

B. 175; 7.

C. 150; 8.

D. 150; 7.

E. none of the above.

Reference no: EM131654725

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