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

Question

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

Quizplus · Accepted Answer

The Answer of 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

For the Pair of Supply and Demand Equations Where