Macroeconomics 16th Edition by Campbell R. McConnell Test bank

 

217)

 Refer to the above graph. Which of the following schedules correctly reflects "supply"?

 

(A)	(B)	(C)	(D)
P	Qd	P	Qd	P	Qd	P	Qd
$12	0	$14	0	$14	60	$12	0
10	0	12	0	12	50	10	10
8	10	10	20	10	40	8	20
6	20	8	40	8	30	6	30
4	30	6	60	6	20	4	40
2	40	4	80	4	10	2	50

      
       A) schedule (A) 
       B) schedule (B)
       C) schedule (C)
       D) schedule (D)
      

 

218)

 Refer to the above graph. Using Q_d for quantity demanded and P for price, which of the following equations correctly states the demand for this product?

      
       A) P = Q_d/10.