At a price of $1000,Dell Computer Co.is willing to sell 20 laptops and Compaq is willing to sell 40 laptops.IBM will only sell laptops if the price is $1300 or higher.From the point of view of IBM,$1300 is the:
A) minimum supply price.
B) minimum cost.
C) the equilibrium price.
D) minimum loss price.
Correct Answer:
Verified
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A)
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A) negatively sloped.
B)
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