Let Q_d = 10 - 2P and Q_s = 3P

question 7

Multiple Choice

Let Q_d = 10 - 2P and Q_s = 3P be the demand and supply curves for Beer.The equilibrium combination (P* and Q*) in the market is ______.

• A)P^* = 2; Q^* = 5
• B)P^* = 5; Q^* = 0
• C)P^* = 2; Q^* = 6
• D)P^* = 6; Q^* = 2

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