Use the Following Information to Answer the Following Questions

question 116

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 equilibrium quantity for used cars?

• A) 100
• B) 154,100
• C) 21,474
• D) 1,541
• E) 153,900

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