The Quantity Demanded for a Certain Brand of Portable CD

question 223

Multiple Choice

The quantity demanded for a certain brand of portable CD players is 200 units when the unit price is set at $90. The quantity demanded is 1,200 units when the unit price is $40. Find the demand equation.

• A) p = - 0.05x + 90
• B) p = - 0.04x + 100
• C) p = - 0.04x + 90
• D) p = - 0.05x + 100

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Definitions:

Owner's Equity

The residual interest in the assets of an enterprise after deducting its liabilities, often referred to as net assets.

Long-Term Assets

Assets that are expected to provide economic value to a business for more than one year, such as property, plant, and equipment.

Economic Climate

The overall state of the economic environment, characterized by factors such as growth rates, unemployment, inflation, and consumer confidence.

Conditions

Conditions include the specific requirements, terms, or situations that affect or determine the operation of agreements, policies, or actions.