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
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