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Use the Following Information to Answer the Following Questions

Question 111

Multiple Choice

Use the following information to answer the following questions.
Market for a new hardcover book:
Demand: Qd = 325 - 8P
Supply: Qs = -60 + 3P
-What would be the equilibrium quantity for hardcover books?


A) 100
B) 45
C) 385
D) 35
E) 11

Correct Answer:

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