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The Following Are the Equations for the Supply and Demand

Question 96

Multiple Choice

The following are the equations for the supply and demand curves in the market for weezils: The following are the equations for the supply and demand curves in the market for weezils: where Q <sub> d </sub> is the quantity demanded, Q <sub> s </sub> is the quantity supplied, and P is the price per weezil in dollars. Refer to Exhibit 4-1. If the government imposes a price floor of $4 a weezil, how many weezils will be sold? A) 5 B) 10 C) 12 D) 14 The following are the equations for the supply and demand curves in the market for weezils: where Q <sub> d </sub> is the quantity demanded, Q <sub> s </sub> is the quantity supplied, and P is the price per weezil in dollars. Refer to Exhibit 4-1. If the government imposes a price floor of $4 a weezil, how many weezils will be sold? A) 5 B) 10 C) 12 D) 14 where Q d is the quantity demanded, Q s is the quantity supplied, and P is the price per weezil in dollars.
Refer to Exhibit 4-1. If the government imposes a price floor of $4 a weezil, how many weezils will be sold?


A) 5
B) 10
C) 12
D) 14

Correct Answer:

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