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Use the Following Information to Answer the Questions That Follow

Question 149

Multiple Choice

Use the following information to answer the questions that follow.
Market for flat-screen TVs:
Demand: Qd = 2,600 - 5 P
Supply: Qs = -1,000 + 10 P
-What would be the quantity demanded if a price ceiling is set at $400?


A) 600
B) 240
C) 0
D) 3,000
E) 2,400

Correct Answer:

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