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:

Individualism

A philosophical and social ideology that emphasizes the moral worth and autonomy of the individual, prioritizing personal goals over group objectives.

Collectivism

A social theory favoring the priority of group needs over individual needs.

Consistency

The quality of always behaving or performing in a similar way, maintaining the same standards.

Openness to Experience

A personality trait characterized by a willingness to try new things, be creative, and think outside the traditional framework.