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The Quantity Demanded of a Certain Brand of DVD Player

Question 6

Multiple Choice

The quantity demanded of a certain brand of DVD player is 3,300/wk when the unit price is $455.00. For each decrease in unit price of $5.00 below $455.00, the quantity demanded increases by 100 units. The suppliers will not market any DVD players if the unit price is $350.00 or lower. But at a unit price of $374.00, they are willing to make available 2,400 units in the market. The supply equation is also known to be linear. Find the equilibrium quantity and price.


A) The quantity demanded of a certain brand of DVD player is 3,300/wk when the unit price is $455.00. For each decrease in unit price of $5.00 below $455.00, the quantity demanded increases by 100 units. The suppliers will not market any DVD players if the unit price is $350.00 or lower. But at a unit price of $374.00, they are willing to make available 2,400 units in the market. The supply equation is also known to be linear. Find the equilibrium quantity and price. A) B) C) D) E)
B) The quantity demanded of a certain brand of DVD player is 3,300/wk when the unit price is $455.00. For each decrease in unit price of $5.00 below $455.00, the quantity demanded increases by 100 units. The suppliers will not market any DVD players if the unit price is $350.00 or lower. But at a unit price of $374.00, they are willing to make available 2,400 units in the market. The supply equation is also known to be linear. Find the equilibrium quantity and price. A) B) C) D) E)
C) The quantity demanded of a certain brand of DVD player is 3,300/wk when the unit price is $455.00. For each decrease in unit price of $5.00 below $455.00, the quantity demanded increases by 100 units. The suppliers will not market any DVD players if the unit price is $350.00 or lower. But at a unit price of $374.00, they are willing to make available 2,400 units in the market. The supply equation is also known to be linear. Find the equilibrium quantity and price. A) B) C) D) E)
D) The quantity demanded of a certain brand of DVD player is 3,300/wk when the unit price is $455.00. For each decrease in unit price of $5.00 below $455.00, the quantity demanded increases by 100 units. The suppliers will not market any DVD players if the unit price is $350.00 or lower. But at a unit price of $374.00, they are willing to make available 2,400 units in the market. The supply equation is also known to be linear. Find the equilibrium quantity and price. A) B) C) D) E)
E) The quantity demanded of a certain brand of DVD player is 3,300/wk when the unit price is $455.00. For each decrease in unit price of $5.00 below $455.00, the quantity demanded increases by 100 units. The suppliers will not market any DVD players if the unit price is $350.00 or lower. But at a unit price of $374.00, they are willing to make available 2,400 units in the market. The supply equation is also known to be linear. Find the equilibrium quantity and price. A) B) C) D) E)

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