If the equation for a market demand curve is Qd = 15 – 1/5P and the equation for a market supply curve is Qs = –1 + 3/5P, the market equilibrium price and quantity are A. P = 25; Q = 10 B. P = 20; Q = 11 C. P = 15; Q = 12 D. P = 10; Q = 13
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If the equation for a market demand curve is Qd = 15 – 1/5P and the equation for a market supply curve is Qs = –1 + 3/5P, the
A. P = 25; Q = 10
B. P = 20; Q = 11
C. P = 15; Q = 12
D. P = 10; Q = 13
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