For the Supply Equation Where X Is the Quantity

question 167

Multiple Choice

For the supply equation where x is the quantity supplied in units of a thousand and p is the unit price in dollars, determine the price at which the supplier will make 4 units of the commodity available in the market.

• A)p = $73
• B)p = $69
• C)p = $128
• D)p = $133
• E)p = $85

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Definitions:

Defectively Organized

Pertains to an entity or arrangement that has been set up with errors in its structure or legal compliance, affecting its validity or functionality.

Purported Shareholders

Individuals or entities that are claimed to hold shares or ownership in a company, possibly without formal recognition.

Conditions Precedent

Specific conditions that must be met before a contract becomes effective or before an obligation to perform is triggered.

De Jure

According to rightful entitlement or claim; by right of law, often distinguishing legal authority or legitimacy from de facto (or actual) power or control.