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Suppose the demand for fish tacosis given by the following equation: Qd = 11 - 2P where Qd is the quantity demanded per week of
Suppose the demand for fish tacosis given by the following equation:
Qd = 11 - 2P
where Qd is the quantity demanded per week of fish tacos, and P is the price of fish tacos.
Suppose further that the supply of fish tacosis:
Qs = 3 + 1P
where Qs is the quantity supplied per week of fish tacos.
What is the equilibrium marketpriceof fish tacos? (Round your answer to 2 decimal places.)
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