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Use the Following Information to Answer the Following Questions

question 136

Multiple Choice

Use the following information to answer the following questions.
Market for used cars:
Demand: Qd = 154,000 - 86P
Supply: Qs = -100 + 14P
-What would be the quantity supplied if a price floor is set at $2,000?


Definitions:

Serial Bonds

Bonds that mature at different dates, allowing the issuer to spread out the repayment over time.

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