The management of Titan Tire Company has determined that the weekly demand and supply functions for their Super Titan tires are given by
?
?
respectively, where p is measured in dollars and x is measured in thousands of units. Find the equilibrium quantity and price.
?
A. xb = 7,000 units pb = $84
B. xb = 6,000 units pb = $69
C. xb = 6,500 units pb = $69
D. xb = 6,000 units pb = $89
E. xb = 7,000 units pb = $89
Answer: B
Mathematics
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