The Demand for Microwaves in a Certain Country Is Given

question 27

Multiple Choice

The demand for microwaves in a certain country is given by: D = 8,000 -30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. Suppose the economy is closed. The equilibrium price of a microwave is ________ and equilibrium quantity is ________.

• A)$50; 8,000
• B)$75; 6,000
• C)$100; 5,000
• D)$125; 4,000

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Definitions:

Peripheral Areas

Regions or zones that are outside or on the edge of a central area, often implying a distance from a main or core location.

Pigeon Retina

The pigeon retina is a specific study subject in vision science, exploring how these birds perceive light and color, contributing to our understanding of avian vision and comparative physiology.

Cones

Specialized photoreceptor cells in the retina of the eye that are responsible for color vision.

Detail

An individual feature, fact, or item, often contributing to a larger context or picture.