The Number of Wrenches That Can Be Produced at a Given

question 65

Multiple Choice

The number of wrenches that can be produced at a given price can be predicted by the formula , where is the supply (in thousands) and is the price (in dollars) . If the demand for the wrenches can be predicted by the formula , find the equilibrium price.

• A) $5
• B) $4
• C) $3
• D) None of the above

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