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Scenario 2.1: The Demand for Books Is: Qd = 120 - P

Question 108

Multiple Choice

Scenario 2.1:
The demand for books is: Qd = 120 - P
The supply of books is: Qs = 5P
-Refer to Scenario 2.1. What is the equilibrium quantity of books sold?


A) 25
B) 50
C) 75
D) 100
E) none of the above

Correct Answer:

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