For the pair of supply and demand equations, where x represents the quantity demanded in thousands of units and p the unit price in dollars, find the equilibrium quantity and the equilibrium price. and
A) xb = 3,000 units pb = $45
B) xb = 2,000 units pb = $41
C) xb = 3,000 units pb = $44
D) xb = 2,500 units pb = $41
E) xb = 2,000 units pb = $45

Question

For the pair of supply and demand equations, where x represents the quantity demanded in thousands of units and p the unit price in dollars, find the equilibrium quantity and the equilibrium price. ​  and  ​
A) xb = 3,000 units pb = $45 
B) xb = 2,000 units pb = $41 
C) xb = 3,000 units pb = $44 
D) xb = 2,500 units pb = $41 
E) xb = 2,000 units pb = $45

Quizplus · Accepted Answer

The Answer of For the pair of supply and demand equations, where x represents the quantity demanded in thousands of units and p the unit price in dollars, find the equilibrium quantity and the equilibrium price. ​  and  ​
A) xb = 3,000 units pb = $45 
B) xb = 2,000 units pb = $41 
C) xb = 3,000 units pb = $44 
D) xb = 2,500 units pb = $41 
E) xb = 2,000 units pb = $45

For the Pair of Supply and Demand Equations, Where X