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
5
None of the above/More than one of the above.