Let Qd stand for the quantity demanded, Qs stand for the quantity supplied, and P stand for price.If Qd = 20 - 2P and Qs = 5 + 3P, then the equilibrium price is
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The correct answer is: d. 14
At the equilibrium point, the quantity demanded is equal to the quantity supplied
(
Q
d
=
Q
s
)
.
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