Multiple Choice
Given the following supply and demand curves for coupon books, a price of $8.00 would produce:
Demand Q = 55,000 - 4000P
Supply Q = 5000 + 1000P
A) equilibrium.
B) a shortage of 10,000 coupon books.
C) a surplus of 10,000 coupon books.
D) a shortage of 17,200 coupon books.
E) a surplus of 17,200 coupon books.
Correct Answer:
Verified
Correct Answer:
Verified
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