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The market demand curve for a perfectly competitive industry is QD=12 - 2P. The market supply curve is QS=3+P. The market will be in equilibrium if:

 a. P =6 and Q =9. 

 b. P =5 and Q =2. 

 c. P =4 and Q =4. 

 d. P =3 and Q =6. 

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Question added by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company
Date Posted: 2015/06/07
Upvote (3) Views (34) Followers (10) Answers (9) Report Question
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Emad Mohammed said abdalla
by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

  1. The market demand curve for a perfectly competitive industry is QD = 12 - 2P. The market supply curve is QS = 3 + P. The market will be in equilibrium if The correct answer was: d. P =3 and Q =6.. 

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

 d. >>>>>>>>>>>>>>>>>>>>  P =3 and Q =6. 

Khaled Anwar
by Khaled Anwar , Senior Sales Engineer , "Automotive company''

The answer is  :  Option ( d ) 

Deleted user

I chose option ------- D

----------------------------

khaled elkholy
by khaled elkholy , HR MANAGER , misk for import & export

 d. P =3 and Q =6......................................................................................................................

Ayoub Tartir , PMP, GWCPgM, CISA, CISSP, CAP, CSSLP, FITSP-D, CEH, CHFI, CCNA, CCNA Security, Security+, Network+

My answer is option (D) P =3 and Q =6.

Ahmed Mohamed Ayesh Sarkhi
by Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

Agree In Your Choice Mr. Emad

Salvatore Augello
by Salvatore Augello , owner , A.S. Trade & Consult

answer D _________________________________

Nasir Hussain
by Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

The correct answer is d. P =3 and Q =6.. .........................................................................

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