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  3. Study Set
    Intermediate Microeconomics
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    Exam 9: Perfect Competition in a Single Market
  5. Question
    Suppose Demand for a Good Is Q<sub>D</sub> = 100 -
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Suppose Demand for a Good Is QD = 100 -

Question 6

Question 6

Multiple Choice

Suppose demand for a good is QD = 100 - P and supply is QS = -20 + P.What is the amount consumers pay producers?


A) 60
B) 2400
C) 3600
D) 6400

Correct Answer:

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