For the pair of supply and demand equations



 and 



where x represents the quantity demanded in units of a thousand and p the unit price in dollars, find the equilibrium quantity and the equilibrium price.





A. x = 4.50, p = $55.50

B. x = 9.50, p = $210.50

C. x = 9.50, p = $150.50

D. x = 7.00, p = $103.00

E. x = 2.50, p = $77.50


Answer: E

Mathematics

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