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The Price of a Certain Commodity in Dollars Per Unit

Question 47

Multiple Choice

The price of a certain commodity in dollars per unit at time t (measured in weeks) is given by ​ The price of a certain commodity in dollars per unit at time t (measured in weeks) is given by ​ . Find the equilibrium price of the commodity. (Hint: It's given by . Also, use the fact that .) A) The equilibrium price of the commodity is $12. B) The equilibrium price of the commodity is $20. C) The equilibrium price of the commodity is $15. D) The equilibrium price of the commodity is $6. . Find the equilibrium price of the commodity. (Hint: It's given by The price of a certain commodity in dollars per unit at time t (measured in weeks) is given by ​ . Find the equilibrium price of the commodity. (Hint: It's given by . Also, use the fact that .) A) The equilibrium price of the commodity is $12. B) The equilibrium price of the commodity is $20. C) The equilibrium price of the commodity is $15. D) The equilibrium price of the commodity is $6. . Also, use the fact that The price of a certain commodity in dollars per unit at time t (measured in weeks) is given by ​ . Find the equilibrium price of the commodity. (Hint: It's given by . Also, use the fact that .) A) The equilibrium price of the commodity is $12. B) The equilibrium price of the commodity is $20. C) The equilibrium price of the commodity is $15. D) The equilibrium price of the commodity is $6..)


A) The equilibrium price of the commodity is $12.
B) The equilibrium price of the commodity is $20.
C) The equilibrium price of the commodity is $15.
D) The equilibrium price of the commodity is $6.

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