Suppose the demand for fish tacos is given by the following equation:
Qd = 11 - 1P
whe...
Mathematics, 20.09.2021 03:10 TheRunningPotatoe245
Suppose the demand for fish tacos is given by the following equation:
Qd = 11 - 1P
where Qd is the quantity demanded per week of fish tacos, and P is the price of fish tacos.
Suppose further that the supply of fish tacos is:
Qs = 2 + 2P
where Qs is the quantity supplied per week of fish tacos.
What is the equilibrium market price of fish tacos? (Round your answer to 2 decimal places.)
Answers: 3
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