Demand and supply functions of good are specified

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Reference no: EM131091301

Suppose the demand and supply functions of a good are specified as follows: QD= 600-2p and QS= -200 + 3P. Equilibrium price and quantity must be:

A. $100 and 250 units respectively

B. $180 and 300 units respectively

C. $130 and 250 units respectively

D. $160 and 280 units respectively

Reference no: EM131091301

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