The following are the equations for the supply and demand curves in the market for weezils:
where Q d is the quantity demanded, Q s 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.
Correct Answer:
Verified
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