Use the Following Information to Answer the Following Questions

question 134

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 floor is set at $300?

• A) 900
• B) 200
• C) 240
• D) 1,100
• E) 2,000

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