The demand and supply function of a commodity are given as below.

Qd = 20 - 2p

Qs = 6p - 12

Where p = price in naira, Qd = Quantity demanded and Qs = Quantity supplied. The equilibrium price is

  • A 2 Naira
  • B 4 Naira
  • C 6 Naira
  • D 20 Naira

The correct answer is B. 4 Naira

No explanation given
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