Multiple Choice
For the pair of supply and demand equations, where x represents the quantity demanded in thousands of units and p the unit price in dollars, find the equilibrium quantity and the equilibrium price. and
A) xb = 3,000 units pb = $45
B) xb = 2,000 units pb = $41
C) xb = 3,000 units pb = $44
D) xb = 2,500 units pb = $41
E) xb = 2,000 units pb = $45
Correct Answer:

Verified
Correct Answer:
Verified
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