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    Principles of Microeconomics
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    Exam 3: Demand, Supply, and Market Equilibrium
  5. Question
    If Demand Is Represented as Q<sub>d</sub> = 24 - P
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If Demand Is Represented as Qd = 24 - P

Question 66

Question 66

Multiple Choice

If demand is represented as Qd = 24 - P and supply is represented as Qs = 6 + 2P, the equilibrium price is


A) $3.
B) $6.
C) $10.
D) $18.

Correct Answer:

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