21
QuizMultiple Choice

The Economy and You

Question 21 • T1 - 4 RMA-TX-Financial Math-B

Below are the supply and demand equations for umbrellas in a certain market. In these equations, p represents price, D represents demand, and S represents supply. What is p at the point of equilibrium, to the nearest tenth?

Question illustration
Answer
A
19.3
B
16.5
C
13.4
D
12.0
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