Question

Max's T-shirt business uses the demand function P = -Q + 28 and the supply function P = Q - 12. According to these functions, what will the equilibrium point be for Max's T-shirt business?

A. (20,8)
B. (12,28)
C. (8,20)
D. (28,12)

Answer 1

A and c —————- Bc 20 +8 is 28

Answer 2

The answer is (8,20) on APEX. just did the test. good luck!