Multiple Choice
Use the following information to answer the following questions.
Market for used cars:
Demand: Qd = 154,000 - 86P
Supply: Qs = -100 + 14P
-What would be the equilibrium price for used cars?
A) $100
B) $154,100
C) $21,474
D) $1,541
E) $72
Correct Answer:
Verified
Correct Answer:
Verified
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