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
a
2 Naira
b
4 Naira
c
6 Naira
d
20 Naira
Explanation
Correct Option
bNo explanation available
Video Explanation
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