Given the Following Supply and Demand Curves for Coupon Books

question 28

Multiple Choice

Given the following supply and demand curves for coupon books, a price of $10.00 would produce:
Demand Q = 55,000 - 4000P
Supply Q = 5000 + 1000P

• A) equilibrium.
• B) a shortage of 10,000 coupon books.
• C) a surplus of 10,000 coupon books.
• D) a shortage of 17,200 coupon books.
• E) a surplus of 17,200 coupon books.

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