Let qd 30 - 6 p and qs 9 p be the demand and supply


Let Qd = 30 - 6 P and Qs = 9 P be the demand and supply curves for soft drinks. Then the equilibrium combination in the market is:

a. P* = 2; Q* = 18

b.P* = 2; Q* = 15

c. P* = 18; Q* = 2

d. P* = 10; Q* = 90

Solution Preview :

Prepared by a verified Expert
Business Management: Let qd 30 - 6 p and qs 9 p be the demand and supply
Reference No:- TGS01588779

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)