Use the Following Information to Answer the Following Questions

question 134

Multiple Choice

Use the following information to answer the following questions.
Market for flat-screen TVs:
Demand: Q_d = 2,600 - 5P
Supply: Q_s = -1,000 + 10P
-What would be the quantity demanded if a price floor is set at $300?

• A) 900
• B) 200
• C) 240
• D) 1,100
• E) 2,000

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Definitions:

Interval Measure

A financial metric used to determine a company’s ability to meet its short-term obligations without needing additional cash inflows.

Operating Expenses

The costs associated with running a company’s day-to-day operations, such as rent, utilities, and wages.

Current Assets

Assets that are expected to be converted into cash or used up within one year or one business cycle, whichever is longer.

Equity Multiplier

The equity multiplier is a financial leverage ratio that measures the proportion of a company's total assets financed by shareholders' equity, used to evaluate financial risk.