Q. The equilibrium price and quantity, given the inverse demand and supply functionsbp D =-3q + 30 and pS = 2q – 5 (Solved)
1. p = 9 and q = 7
2. p = 10 and q = 7
3. p = 9 and q = 8
4. p = 7 and q = 9
- a. p = 9 and q = 7
1. p = 9 and q = 7
2. p = 10 and q = 7
3. p = 9 and q = 8
4. p = 7 and q = 9