Find equilibrium price and quantity

Reference no: EM13175839

Consider a market characterized by the following demand and supply conditions: PX = 15 - 2QX and PX = 3 + 2QX. The equilibrium price and quantity are, respectively,
a $3 and 9 units.
b $9 and 3 units.
c $12 and 4 units.
d $4 and 12 units

Reference no: EM13175839

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