Suppose that the equations S = 2P and D = 6 - P represent a small
Country's home supply and home demand curves.Which of the following
Is the equilibrium price in autarky?
A)$2
B)$4
C)$6
D)$8

Name: Suppose that the equations S = 2P and D = 6 - P represent a small Country's home supply and home demand curves.Which of the following Is the equilibrium price in autarky? A)$2 B)$4 C)$6 D)$8
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Question

Quizplus · Accepted Answer

Equilibrium price is the price at which quantity supplied equals quantity demanded. In this case, S = D when P = 2.

Suppose That the Equations S = 2P and D =