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Consider the Demand Curve P = 100 - 5Q for a Specialty

Question 97

Multiple Choice

Consider the demand curve P = 100 - 5Q for a specialty baseball card.What is the price the highest bidder is willing to pay for such a card?


A) $100.
B) $95.
C) $50.
D) $5
E) An infinite amount.

Correct Answer:

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