ECONOMICS

JAMB 2014 - Question 8

Economics 2014 JAMB Past Questions - Question 8: Given that Qd =40-2P and Qs= 6P+24, calculate the equilibrium price.

Choose the most appropriate option for the gap .
Given that Qd =40-2P and Qs= 6P+24, calculate the equilibrium price.
A:
B:
C:
D:
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Correct Answer

B

Explanation