what-is-the-equilibrium-price-in-a-market-where-the-demand-curve-is-p-20-q-and-t

Question

What is the equilibrium price in a market where the demand curve is P = 20 - Q and the supply curve is P = 5 + Q?

Accepted Answer

$12.50

Answer

$10

Answer

$7.50

Answer

$15