Author Question: If Qs = -20 + 10p, and Qd = 400 - 20p, what is the equilibrium price? A) 14 B) 42 C) 12.67 D) ... (Read 11 times)

jake · **on:** Jul 1, 2018

If Qs = -20 + 10p, and Qd = 400 - 20p, what is the equilibrium price?

A) 14
B) 42
C) 12.67
D) 38

Question 2

The result that different auction styles in which the good goes to the winner with the highest valuation of the good generate the same amount of revenue is called

A) Revenue Equivalence Theorem.
B) Marginal Revenue Theory.
C) Auction Revenue Theory.
D) First Bid Revenue Theorem.