The Demand Curve for Knobs Is P = 75 -

question 117

Multiple Choice

The demand curve for knobs is P = 75 - 6QD and the supply curve for knobs is P = 35 + 2QS. What is the equilibrium price of a knob?

• A)$5
• B)$10
• C)$40
• D)$45
• E)$75

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Respondeat Superior

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