The Demand Function for Orange Juice Is Q = 269

question 40

Multiple Choice

The demand function for orange juice is q = 269 - 9p and the supply function is q = 9 + 4p, where q is the number of units sold per year and p is the price per unit, expressed in dollars. The government decides to support the price of orange juice at a price floor of $24 per unit by buying orange juice and destroying all that it has purchased. How many units must the government destroy per year?

• A) 52
• B) 56
• C) 25
• D) 61
• E) 57

---

Definitions:

Rational Decision Model

A decision-making process based on systematically evaluating alternatives, with the goal of selecting the most logical and optimal option.

Stakeholders Needs Analysis

A process of identifying and understanding the needs and expectations of those who have an interest in or are affected by a project or business.

Ethics

Moral principles that govern a person's behavior or the conducting of an activity, often serving as guidelines for what is considered right or wrong.

Decision-Making

The cognitive process of selecting a course of action from among multiple alternatives, typically aimed at solving a problem or achieving a goal.