Use the Following Information to Answer the Following Questions

question 136

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 supplied if a price floor is set at $2,000?

• A) 9,900
• B) 200
• C) 27,900
• D) 1,541
• E) 18,000

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Definitions:

Creative Deviance

An act of breaking rules or norms to come up with creative or innovative solutions or outcomes.

Change Agents

Individuals or entities that act as catalysts for change, facilitating and implementing change in an organization or community to achieve desired outcomes.

Extrinsic Rewards

Benefits given to an individual or employee from an external source, such as money, bonuses, or other tangible rewards, to motivate behavior.

Creative Behaviour

The process of generating new and useful ideas, solutions, or products, often encouraged within organizations to drive innovation and problem-solving.