For the pair of supply and demand equations, where x represents the quantity demanded in thousands of units and p the unit price in dollars, find the equilibrium quantity and the equilibrium price.



 and 





A. xb = 3,000 units  pb = $45

B. xb = 2,000 units  pb = $41

C. xb = 3,000 units  pb = $44

D. xb = 2,500 units  pb = $41

E. xb = 2,000 units  pb = $45


Answer: B

Mathematics

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