The Quantity Demanded Each Month of Russo Espresso Makers Is

question 245

Multiple Choice

The quantity demanded each month of Russo Espresso Makers is 200 when the unit price is $120.00. The quantity demanded each month is 1,000 when the unit price is $80.00. The suppliers will market 850 espresso makers if the unit price is $42.00 or lower. At a unit price of $72.00, they are willing to make available 2,350 units in the market. Both the demand and supply equations are known to be linear. Find the equilibrium quantity and the equilibrium price.

• A) equilibrium quantity 1,500 units; equilibrium price $55.00
• B) equilibrium quantity 1,390 units; equilibrium price $70.00
• C) equilibrium quantity 1,390 units; equilibrium price $55.00
• D) equilibrium quantity 1,500 units; equilibrium price $70.00

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Definitions:

Anxiety-dominated Disturbances

Psychological disorders primarily characterized by excessive fear, worry, and anxiety.

Unconscious

The part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Freud

Sigmund Freud, the founding father of psychoanalysis, a method for treating psychopathology.

Dreams

Mental experiences during sleep involving imagery, emotions, and thoughts, often considered significant in understanding subconscious desires and processing emotions.