If the perfectly competit

If the perfectly competit

If the perfectly competitive market demand for a product is given by QD= 200 – P and the market supply is given by QS = 20 + 3P, then theequilibrium price and quantity will beAnswerP = 40 and Q = 190P = 50 and Q = 150P = 30 and Q = 170P = 25 and Q = 175P = 45 and Q = 155

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