Suppose That Consumers Will Demand 100 Units of a Product

question 176

Multiple Choice

Suppose that consumers will demand 100 units of a product when the price is $10 per unit,and 120 units when the price is $8 per unit.Assuming that price p and quantity q are linearly related,find the price at which 90 units are demanded.

• A) $7
• B) $9
• C) $11
• D) $12
• E) $13

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Definitions:

Sadness and Depression

Emotional states where sadness is a temporary feeling of unhappiness, while depression is a more serious, prolonged mental health disorder affecting mood and well-being.

Stepchildren

Children of a person's spouse from a previous relationship; not biologically related but part of the family through marriage.

Stepmothers

Women who are married to one's parent after a divorce or death of the previous spouse, and who may have stepchildren from the marriage.

Stepfathers

Men who are married to someone with children from a previous relationship, assuming the role of a father figure to those children.