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Let QD=−5P+54\mathrm { Q } _ { \mathrm { D } } = - 5 \mathrm { P } + 54

Question 6

Multiple Choice

Let QD=−5P+54\mathrm { Q } _ { \mathrm { D } } = - 5 \mathrm { P } + 54 and QS=P−6\mathrm { Q } _ { \mathrm { S } } = \mathrm { P } - 6 .Here equilibrium price and quantity are


A) Q=4Q = 4 , P=10P = 10 .
B) Q=6Q = 6 , P=10P = 10 .
C) P=6\mathrm { P } = 6 , Q=0Q = 0 .
D) Q=545Q = \frac { 54 } { 5 } , P=2\mathrm { P } = 2 .

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