Use the Following Information to Answer the Questions That Follow

question 71

Multiple Choice

Use the following information to answer the questions that follow.
Market for used cars:
Demand: Qd = 154,000 - 86 P
Supply: Qs = -100 + 14 P
-What would be the quantity demanded if a price ceiling is set at $2,000?

• A) 100
• B) 154,100
• C) 1,541
• D) 21,474
• E) 18,000

---

Definitions:

Three Wire Wye

A three-phase power configuration where three branches in a circuit are connected at a common point, resembling the letter Y.

High Leg

In electrical systems, a term referring to a conductor in a delta connection that has a higher voltage with respect to ground than the other two conductors.

Open Delta

A transformer connection method using two transformers to form a delta configuration, typically used when one transformer of a three-phase system is out of service or for economy in a lightly loaded system.

Single-Phase Loads

Equipment that operates on a single alternating current (AC) power phase, usually seen in residential and light commercial settings.