The Following Are the Equations for the Supply and Demand

question 96

Multiple Choice

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. If the government imposes a price floor of $4 a weezil, how many weezils will be sold?

• A)5
• B)10
• C)12
• D)14

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