Question

Find the equilibrium quantity and price if the demand and supply equations are as follows: Demand: Qd = 12 - P Supply: Qs = - 3 + 4 P

A Q = 3, P = 9
B Q = 9, P = 3
C Q = 6, P = 3
D Q = 15, P = 9
E Q = 15, P = 6
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)