Answer
Equilibrium price is 4.
Work Step by Step
Shortage/Surplus = 0 at price = 4
Economics: Principles, Problems, and Policies, 19th Edition
by McConnell, Campbell R.; Brue, Stanley L.; Flynn, Sean M.
Published by
McGraw-Hill Education
ISBN 10:
0073511447
ISBN 13:
978-0-07351-144-3
Chapter 3 - Demand, Supply, and Market Equilibrium - Problems - Page 67: 3a
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