If the perfectly competitive market demand for gym shoes is given by Q D = 30 -
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Question:
If the perfectly competitive market demand for gym shoes is given byQD= 30 - 2Pand the market supply is given byQS= 3 +P, then the equilibrium price and quantity will be:
a.P = 6 and Q = 6.
b.P = 4 and Q = 6.
c.P = 9 and Q = 12.
d.P = 5 and Q = 9.
e.P = 12 and Q = 8.
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