Multiple Choice
Exhibit 4-1
The following are the equations for the supply and demand curves in the market for weezils:
where Qd is the quantity demanded, Qs is the quantity supplied, and P is the price per weezil in dollars.
-Refer to Exhibit 4-1.If consumers decide that they want 20 percent fewer weezils at every price,the equation for the new demand curve for weezils will be
A) Qd = 20 - 1.6P.
B) Qd = 0.2(20 - 2P) .
C) Qd = 0.8(20 - 2P) .
D) Qd = 80(20 - 2P) .
Correct Answer:

Verified
Correct Answer:
Verified
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