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For the Demand Equation, Where X Represents the Quantity Demanded

Question 74

Multiple Choice

For the demand equation, where x represents the quantity demanded in units of 1,000 and p is the unit price in dollars, determine the quantity demanded corresponding to the unit price p = 4. 4x + 5p - 40 = 0


A) 5,000
B) 3,500
C) 4,000
D) 4,500

Correct Answer:

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