Question: 27. Let Qd stand for the quantity demanded, Qs stand for the quantity supplied, and P stand for price. If Qd = 20 -

27. Let Qd stand for the quantity demanded, Qs stand for the

27. Let Qd stand for the quantity demanded, Qs stand for the quantity supplied, and P stand for price. If Qd = 20 - 2P and Qs = 5 + 3P, then the equilibrium price is: O$1 $4 $3 O S2 O O

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