If demand is represented as Qd = 24 - P and supply is represented as Qs = 6 + 2P, the demand curve intersects the y axis at a price of ________ and the supply curve intersects the y axis at a price of ________
A. $1; $2
B. $24; $6
C. $30; $3
D. $23; $8
Answer: B
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a. True b. False Indicate whether the statement is true or false
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