The demand for pickles is given by p = 167 - 3qand the supply is given by p = 5 + 6q. What is theequilibrium quantity?a. 15b. 23c. 113d. 18e. None of the above.

Equilibrium quantity is when there is no shortage or surplus of a product in the market. Here, we…

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The demand for pickles is given byp = 167 - 39 and the supply is given by p = 5 + 6q. What is the %3D equilibrium quantity? а. 15 5. 23

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The demand for pickles is given by p = 167 - 3q
and the supply is given by p = 5 + 6q. What is the
equilibrium quantity?
a. 15
b. 23
c. 113
d. 18
e. None of the above.

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