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93867/quizzes/256426/take Question 1 6 pts At a price of $4.67 per pound, the supply for cherries is 16,273 pounds, and the demand is 10,391 pounds.

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93867/quizzes/256426/take Question 1 6 pts At a price of $4.67 per pound, the supply for cherries is 16,273 pounds, and the demand is 10,391 pounds. When the price drops to $4.21 per pound, the supply decreases to 10,923 pounds and the demand increases to 12,892 pounds. Assume that the price-supply and price-demand equations are linear. What is the equilibrium price? per pound. Round to the nearest cent

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