Multiple Choice
For the pair of supply and demand equations and
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 = 4.50, p = $55.50
B) x = 9.50, p = $210.50
C) x = 9.50, p = $150.50
D) x = 7.00, p = $103.00
E) x = 2.50, p = $77.50
Correct Answer:

Verified
Correct Answer:
Verified
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