Scenario 2.1:
The demand for books is: Q d = 120 - P
The supply of books is: Q s = 5P
-Refer to Scenario 2.1. What is the equilibrium quantity of books sold?
A) 25
B) 50
C) 75
D) 100
E) none of the above

Question

Quizplus · Accepted Answer

The Answer of Scenario 2.1:
The demand for books is: Q d = 120 - P
The supply of books is: Q s = 5P
-Refer to Scenario 2.1. What is the equilibrium quantity of books sold?
A) 25
B) 50
C) 75
D) 100
E) none of the above

Scenario 2.1: The Demand for Books Is: Qd = 120 - P

Scenario 2.1: The Demand for Books Is: Q_d = 120 - P