The equilibrium price and quantity, given the inverse demand and supply functionsbp D =-3q + 30 and pS = 2q – 5

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Question:

The equilibrium price and quantity, given the inverse demand and supply functionsbp D =-3q + 30 and pS = 2q – 5

A.

p = 9 and q = 7

B.

p = 10 and q = 7

C.

p = 9 and q = 8

D.

p = 7 and q = 9

Answer» a. p = 9 and q = 7

Note: The above multiple-choice question is for all general and Competitive Exams in India.