5. Refer to the graph. Using Qs for quantity supplied, Qd for quantity supplied and P for price, which of the following equations correctly states the supply and demand of this product?

5. Refer to the graph. Using Qs for quantity supplied, Qd for quantity supplied and P for price, which of the following equations correctly states the supply and  demand of this product?

A.         P = 4 + .2Qs    and P = Qd/10.

B.         P = 2 + .2Qs  and P = 10 – 2Qd.

C.         P = 60/Qs  and  P = 10 – .2Qd.

D.         P = 10Qs – 2P and  P = 10 – 2Qd.

Explain

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