Use the Following Information to Answer the Following Questions

question 109

Multiple Choice

Use the following information to answer the following questions.
Market for a new hardcover book:
Demand: Q_d = 325 - 8P
Supply: Q_s = -60 + 3P
-What would be the quantity supplied if a price ceiling is set at $50?

• A) 90
• B) 35
• C) 265
• D) 165
• E) 75

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