The demand and supply functions for good x are as


The demand and supply functions for good X are as follows:

QDx = 270 - 15 Px 

Qsx = -50 + 25 Px,

where Qsis the quantity supplied of good X, QDx is the quantity demanded of good X, and Px is the price of good X. The equilibrium quantity and price of good X are

A. 160; 8.  

B. 175; 7.

C. 150; 8.

D. 150; 7.

E. none of the above.

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Business Management: The demand and supply functions for good x are as
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