When p = $65, the quantity demanded of a good is 80 units, and the quantity supplied of the good is 40 units. for every $10 increase in the price of this good, quantity demanded falls by 10 units and quantity supplied rises by 10 units. the equilibrium price of this good is the equilibrium quantity of this good is units. a. $85; 50 b. $55; 30 c. $75; 50 d. $75; 70 e. $85; 60

The answer is: E) the equilibrium price is $85; and the equilibrium quantity is 60 units

Explanation:

The equilibrium price of a demand and supply curve is the price where the  quantity supplied of a product or service equals the quantity demanded of that product or service.

We start at a price of $65

Price          Quantity demanded             Quantity supplied

$65                   80 units                                40 units

$75                   70 units                                 50 units

$85                   60 units                                60 units

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