Scenario: the Market for a Particular Video Game Title Is

Multiple Choice

Scenario: The market for a particular video game title is shown below in demand and supply schedules, demand and supply equations, and a supply-demand figure.

Demand schedule: Qᵈ = 100 - p,
Supply schedule: Qˢ ⁼ ᵖ, where price (p) is in dollars and quantity (Q) is 1000s of games.

-Refer to the scenario above.What are the market equilibrium price and quantity in the video game market?

A) $60 per game; 40,000 video games
B) $50 per game; 50,000 video games
C) $60 per game; 60,000 video games
D) $40 per game; 60,000 video games