Use the Following Information to Answer the Following Questions

question 143

Multiple Choice

Use the following information to answer the following questions.
Market for flat-screen TVs:
Demand: Q_d = 2,600 - 5P
Supply: Q_s = -1,000 + 10P
-What would be the quantity demanded if a price ceiling is set at $150?

• A) 500
• B) 1,850
• C) 240
• D) 1,350
• E) 260

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Definitions:

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