The following equations represent the demand and supply for bird feeders

QD = 35 - P
QS = -5 + 3P

What is the equilibrium price (P) and quantity (Q - in thousands) of bird feeders?

A) P = $5; Q = 30 thousand B) P = $35; Q = 20 thousand
C) P = $20; Q = 20 thousand D) P = $10; Q = 25 thousand


D

Economics

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