The following are the equations for the supply and demand curves in the market for weezils: where Qd is the quantity demanded, Qs is the quantity supplied, and P is the price per weezil in dollars.
-Refer to Exhibit 4-1.According to the data given, the equilibrium price of a weezil is
A)$3.
B)$5.
C)$11.
D)$14.

Question

The following are the equations for the supply and demand curves in the market for weezils:   where Qd is the quantity demanded, Qs is the quantity supplied, and P is the price per weezil in dollars.
-Refer to Exhibit 4-1.According to the data given, the equilibrium price of a weezil is
A)$3. 
B)$5. 
C)$11. 
D)$14.

Quizplus · Accepted Answer

The Answer of The following are the equations for the supply and demand curves in the market for weezils:   where Qd is the quantity demanded, Qs is the quantity supplied, and P is the price per weezil in dollars.
-Refer to Exhibit 4-1.According to the data given, the equilibrium price of a weezil is
A)$3. 
B)$5. 
C)$11. 
D)$14.

The Following Are the Equations for the Supply and Demand