If Market Demand Is Equal to D(p)= 20 - 3p

question 9

Multiple Choice

if market demand is equal to D(p) = 20 - 3p, the equilibrium price and number of firms operating in the market are (in that order)

• A)$3.08 and 7
• B)$3.00 and 6
• C)$3.00 and 8
• D)$3.14 and 3
• E)$3.33 and 5

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Definitions:

Corporation Names

Legal names under which corporations are registered to conduct business, required to be unique within the same jurisdiction.

Big Box

A big box refers to a large retail establishment, usually part of a chain, that offers a wide variety of merchandise in a single location, typically with a warehouse or department store design.

Nonprofit Corporation

An organization whose primary objective is to support an issue or matter of private interest or public concern for non-commercial purposes, without intending to generate profit for owners.

Transfer Rights

The legal ability to transfer one's interest or rights in a piece of property, asset, or contract to another party.