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Homework answers / question archive / Suppose the demand for fish tacos is given by the following equation: Qd = 11 - 2P where Qd is the quantity demanded per week of fish tacos, and P is the price of fish tacos

Suppose the demand for fish tacos is given by the following equation:

Qd = 11 - 2P

where Qd is the quantity demanded per week of fish tacos, and P is the price of fish tacos.

Suppose further that the supply of fish tacos is:

Qs = 3 + 1P

where Qs is the quantity supplied per week of fish tacos.

What is the equilibrium market **price** of fish tacos? (Round your answer to 2 decimal places.)

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