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Suppose the Domestic Supply (QS) and Demand (QD)for MP3 Players QS=25+10PQD=8755P\begin{array} { l } Q ^ { S } = - 25 + 10 P \\Q ^ { D } = 875 - 5 P\end{array}

Question 33

Multiple Choice

Suppose the domestic supply (QS) and demand (QD) for MP3 players in the United States are given by the following set of equations: QS=25+10PQD=8755P\begin{array} { l } Q ^ { S } = - 25 + 10 P \\Q ^ { D } = 875 - 5 P\end{array} In the absence of international trade in MP3 players, what will be the price of MP3 players in the United States?


A) $60
B) $65
C) $90
D) $70

Correct Answer:

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