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 supplied if a price ceiling is set at $400?
A) 600
B) 240
C) 0
D) 3,000
E) 2,400
Correct Answer:
Verified
Correct Answer:
Verified
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