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Use the Following Information to Answer the Following Questions

Question 143

Multiple Choice

Use the following information to answer the following questions.
Market for flat-screen TVs:
Demand: Qd = 2,600 - 5P
Supply: Qs = -1,000 + 10P
-What would be the quantity demanded if a price ceiling is set at $150?


A) 500
B) 1,850
C) 240
D) 1,350
E) 260

Correct Answer:

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