Scenario 2.1: The Demand for Books Is: Q_d = 120 - P

question 108

Multiple Choice

Scenario 2.1:
The demand for books is: Q_d = 120 - P
The supply of books is: Q_s = 5P
-Refer to Scenario 2.1. What is the equilibrium quantity of books sold?

• A) 25
• B) 50
• C) 75
• D) 100
• E) none of the above

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Definitions:

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