Multiple Choice
The demand equation for the Schmidt-3000 fax machine is , where x is the quantity demanded per week and p is the unit price in dollars. The supply equation is
, where x is the quantity the supplier will make available in the market when the unit price is p dollars. Find the equilibrium quantity and the equilibrium price for the fax machines.
A)
B)
C)
D)
E)
Correct Answer:

Verified
Correct Answer:
Verified
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