Solved

Use the Table Below to Answer the Following Questions

Question 114

Multiple Choice

Use the table below to answer the following questions.
Table 3.5.1
The Market for Car-Seat Heaters
Use the table below to answer the following questions. Table 3.5.1 The Market for Car-Seat Heaters    -Refer to Table 3.5.1.Suppose a problem develops with car-seat heaters - they malfunction and occasionally cause serious burns.As a result,demand decreases by 100 heaters at each price.The new equilibrium price is $________ and the new equilibrium quantity is ________ heaters per month. A) 70;450 B) 70;350 C) 50;450 D) 50;350 E) 60;400
-Refer to Table 3.5.1.Suppose a problem develops with car-seat heaters - they malfunction and occasionally cause serious burns.As a result,demand decreases by 100 heaters at each price.The new equilibrium price is $________ and the new equilibrium quantity is ________ heaters per month.


A) 70;450
B) 70;350
C) 50;450
D) 50;350
E) 60;400

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions