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For the Pair of Supply and Demand Equations Where

Question 144

Multiple Choice

For the pair of supply and demand equations For the pair of supply and demand equations where x represents the quantity demanded in units of a thousand and p the unit price in dollars, find the equilibrium quantity and the equilibrium price. A) x = 11.5, p = $96.50 B) x = 18.5, p = $233.50 C) x = 15, p = $135.00 D) x = 3.5, p = $68.50 E) x = 18.5, p = $173.50 where x represents the quantity demanded in units of a thousand and p the unit price in dollars, find the equilibrium quantity and the equilibrium price.


A) x = 11.5, p = $96.50
B) x = 18.5, p = $233.50
C) x = 15, p = $135.00
D) x = 3.5, p = $68.50
E) x = 18.5, p = $173.50

Correct Answer:

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