The demand and supply function of a commodity are given a...
The demand and supply function of a commodity are given as below.
Qd = 20 - 2p
Qs = 6p - 12
Where p = price in naira, Qd = Quantity demanded and Qs = Quantity supplied. The equilibrium price is
2 Naira
4 Naira
6 Naira
20 Naira
Correct answer is B
No explanation has been provided for this answer.
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