The Management of Titan Tire Company Has Determined That the Weekly

question 232

Multiple Choice

The management of Titan Tire Company has determined that the weekly demand and supply functions for their Super Titan tires are given by ​ ​
Respectively, where p is measured in dollars and x is measured in thousands of units. Find the equilibrium quantity and price.
​

• A) xb = 7,000 units p_b = $84
• B) xb = 6,000 units p_b = $69
• C) xb = 6,500 units p_b = $69
• D) xb = 6,000 units p_b = $89
• E) xb = 7,000 units p_b = $89

---

Definitions:

Available Job Openings

The number of job positions that are currently unfilled and available to be applied for by job seekers.

Deflation

A decrease in the general price level of goods and services, often associated with an increase in the value of money.

Disinflation

A decrease in inflation rate, demonstrating a deceleration in how quickly the costs of goods and services increase.

Price Fall

A decline in the cost of goods and services, often indicating a surplus in supply, decreased demand, or broader economic factors.