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Let Qd = 10 - 2P and Qs = 3P

Question 7

Multiple Choice

Let Qd = 10 - 2P and Qs = 3P be the demand and supply curves for Beer.The equilibrium combination (P* and Q*) in the market is ______.


A) P* = 2; Q* = 5
B) P* = 5; Q* = 0
C) P* = 2; Q* = 6
D) P* = 6; Q* = 2

Correct Answer:

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