Q. The market demand curve for a perfectly competitive industry is QD = 12 - 2P. The marketsupply curve is QS = 3 + P. The market will be in equilibrium if: (Solved)
1. P = 6 and Q =
2. P = 3 and Q = 6
3. P = 4 and Q = 4
4. P = 5 and Q = 2
- b. P = 3 and Q = 6