The following equations represent the demand and supply for bird feeders.
QD = 35 - P
QS...
Business, 13.03.2020 22:10 SmokyWolves607
The following equations represent the demand and supply for bird feeders.
QD = 35 - P
QS = -5 + 3P
What is the equilibrium price (P) and quantity (Q - in thousands) of bird feeders?
A) P = $10; Q = 25 thousand B) P = $35; Q = 20 thousand
C) P = $20; Q = 20 thousand D) P = $5; Q = 30 thousand
Answers: 1
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