The demand for a product is given by Q = 600 - 30P,where P = price and Q = quantity.At P = $15,the firm sells _____ units.
A)100
B)150
C)300
D)450
E)600

Name: The demand for a product is given by Q = 600 - 30P,where P = price and Q = quantity.At P = $15,the firm sells _____ units. A)100 B)150 C)300 D)450 E)600
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Question

Quizplus · Accepted Answer

Substitute P = $15 into the demand equation Q = 600 - 30P to find Q = 600 - 30(15) = 600 - 450 = 150 units.

The Demand for a Product Is Given by Q =