Use the Following Information to Answer the Following Questions

question 24

Multiple Choice

Use the following information to answer the following questions.
Market for used cars:
Demand: Q_d = 154,000 - 86P
Supply: Q_s = -100 + 14P
-What would be the equilibrium price for used cars?

• A) $100
• B) $154,100
• C) $21,474
• D) $1,541
• E) $72

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Definitions:

Learning Management System

A software application or web-based technology used to plan, implement, and assess a specific learning process, typically used in educational and corporate settings.

Training and Development System

An integrated set of policies, practices, and procedures designed to systematically improve the competencies and capabilities of an organization's workforce.

Human Resource System

A set of distinct but interrelated activities, functions, and processes that are directed at attracting, developing, and maintaining an organization’s workforce.

Classroom Instruction

A traditional method of teaching, where an instructor delivers a course to students in a classroom setting.