Commerce Business Economics

The market demand curve for a perfectly competitive market is QD = 12 - 2P. The market supply curve is QS = 3 + P. The market will be in equalibrium if :

1

P = 6, Q = 9

2

P = 5, Q = 2

3

P = 4, Q = 4

4

P = 3, Q = 6

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