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

Question

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

Quizplus · Accepted Answer

The Answer of 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

For the Pair of Supply and Demand Equations ​

For the Pair of Supply and Demand Equations