When P = $65, the quantity demanded of a good is 80 units, and the quantity supplied of the good is 40 units. For every $10 increase in the price of this good, quantity demanded falls by 10 units and quantity supplied rises by 10 units. The equilibrium price of this good is ___________and the equilibrium quantity of this good is _________ units

A) $55; 30
B) $75; 50
C) $75; 70
D) $85; 50
E) $85; 60


E

Economics

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