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 floor is set at $100?
A) 240
B) 2,100
C) 0
D) 1,400
E) 700
Correct Answer:
Verified
Correct Answer:
Verified
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