Use the Following Information to Answer the Following Questions

question 17

Multiple Choice

Use the following information to answer the following questions.
Market for used cars:
Demand: Q_d = 154,000 - 86P
Supply: Q_s = -100 + 14P
-What would be the quantity demanded if a price ceiling is set at $1,000?

• A) 500
• B) 54,100
• C) 68,000
• D) 13,900
• E) 21,474

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Definitions:

Conspecifics

Members of the same species, especially in the context of social and behavioral interactions.

Cave Drawings

Prehistoric images or symbols found on cave walls created by early humans as a form of expression or communication.

Verbal

Relates to words and the use of speech in communication.

Matched-Guise Technique

Research methodology to measure people’s attitudes towards a speaker based solely on speech style.