Solved

Suppose Demand for a Good Is QD= 100 - P

Question 25

Multiple Choice

Suppose demand for a good is QD= 100 - P and supply is QS = -20 + P.What is the value consumers place on the amount of the good they consume?


A) 60
B) 2400
C) 2800
D) 3200

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: Suppose demand for a good is Q<sub>D</sub>=

Q21: Long-run elasticity of supply is defined as<br>A)percentage

Q22: The excess burden of a tax is<br>A)the

Q23: Suppose there are 100 firms each

Q24: Suppose domestic beef producers face demand of

Q26: Suppose a chemical company is in

Q27: "Missing markets" result from<br>A)high transactions costs of

Q28: Suppose there are 100 firms each with

Q29: In the short run,an increase in market

Q30: In the short run,the incidence of a