What Is the Quantity of Televisions Demanded Per Year When $\mathrm { Q } ^ { \mathrm { d } } = 3.5 \text { million } - 5000 \mathrm { P }$

question 100

Multiple Choice

What is the quantity of televisions demanded per year when the average price of a television is $100 per unit and the demand curve for televisions is represented by $\mathrm { Q } ^ { \mathrm { d } } = 3.5 \text { million } - 5000 \mathrm { P }$ ?

• A)2.5 million televisions
• B)3.0 million televisions
• C)3.2 million televisions
• D)4.0 million televisions

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Definitions:

Acquisition

The process by which a company purchases most or all of another company's shares to gain control of that company.

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.

Business Combination

A transaction or event in which an acquirer obtains control of one or more businesses.

Fair Market Value

An estimate of the price at which an asset or property would change hands between a willing buyer and seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.