For the Pair of Supply-And-Demand Equations, Where X Represents the Quantity

question 64

Multiple Choice

For the pair of supply-and-demand equations, where x represents the quantity demanded in units of 1,000 and p is the unit price in dollars, find the equilibrium quantity and the equilibrium price. 2x + 9p - 93 = 0 and 3x - 14p + 108 = 0

• A) equilibrium quantity 6,000 units; equilibrium price $13
• B) equilibrium quantity 12,000 units; equilibrium price $9
• C) equilibrium quantity 6,000 units; equilibrium price $9
• D) equilibrium quantity 12,000 units; equilibrium price $13

---

Definitions:

Relationship Maintenance

Actions and behaviors undertaken to sustain and enhance the satisfaction and health of a relationship over time.

Skilled

Describes someone who has acquired expertise or proficiency in a particular area or field through training or experience.

Analytic

Involving the breakdown of a complex topic or substance into smaller parts to understand its structure, function, and relationships.

Creative Intelligence

The ability to go beyond existing knowledge and ideas to create or discover something original and useful.