For the Pair of Supply and Demand Equations Where

question 127

Multiple Choice

For the pair of supply and demand equations where x represents the quantity demanded in units of a thousand and p the unit price in dollars, find the equilibrium quantity and the equilibrium price.

• A) x = 11.5, p = $96.50
• B) x = 18.5, p = $233.50
• C) x = 15, p = $135.00
• D) x = 3.5, p = $68.50
• E) x = 18.5, p = $173.50

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