Multiple Choice
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 $7.
B) The equilibrium price of the commodity is $12.
C) The equilibrium price of the commodity is $9.
D) The equilibrium price of the commodity is $4.
Correct Answer:

Verified
Correct Answer:
Verified
Q257: The change from religious to lay teachers
Q258: The concentration of a drug in an
Q259: Use the laws of logarithms to simplify
Q260: Find an equation of the tangent line
Q261: Find the derivative of the function. <img
Q263: A women's clothing chain store, found that
Q264: Find the derivative of the function. <img
Q265: Find the interest rate needed for an
Q266: Find the derivative of the function. <img
Q267: Sketch the graphs of the functions on