Q663
The market demand curve for a perfectly competitive industry is QD = 12 - 2P; the market supply curve is QS = 3 + P. The market will be in equilibrium if
A.
P = 6 and Q = 9
B.
P = 5 and Q = 2
C.
P = 4 and Q = 4
D.
P = 3 and Q = 6
AnswerAnswer: Option D
Solution
Answer: Option D
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