Suppose There Are 100 Consumers in the Computer Speaker Market

question 51

Multiple Choice

Suppose there are 100 consumers in the computer speaker market, each with an identical demand curve given by Q_i = 10 - 0.1P, where P is the price per pair of speakers and Q_i measures the quantity demanded of computer speakers by each person. The market supply for computer speakers is given by Q^S = 20P - 200. The equilibrium quantity in the computer speaker market is ____.

• A) 40
• B) 100
• C) 300
• D) 600

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Definitions:

Female-Stereotypical Traits

Attributes or characteristics traditionally or culturally associated with women, often related to gender roles or expectations.

Valued

Being held in high esteem or regard; considered to be important, beneficial, or worthwhile by individuals or society.

Racial Prejudice

Preconceived judgment or opinion, often negative, directed toward people because of their race.

Stereotype

A fixed, overgeneralized belief about a particular group or class of people.