Multiple Choice
The number of wrenches that can be produced at a given price can be predicted by the formula , where
is the supply (in thousands) and
is the price (in dollars) . If the demand
for the wrenches can be predicted by the formula
, find the equilibrium price.
A) $5
B) $4
C) $3
D) None of the above
Correct Answer:

Verified
Correct Answer:
Verified
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