Let Qd = 10 - 2P and Qs = 3P be the demand and supply curves for Beer. The equilibrium combination (P* and Q*) in the market is ________.
A. P* = 5; Q* = 0
B. P* = 2; Q* = 5
C. P* = 2; Q* = 6
D. P* = 6; Q* = 2
Answer: C
Economics
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