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The Demand Function for Super Big Bright LED Light Bulbs

Question 15

Multiple Choice

The demand function for Super Big Bright LED light bulbs is Qd = (45 million) - (3.5 million × P) . If the company charged a price of $8 per bulb, how many will be demanded?


A) 17 million
B) 41.5 million
C) 37 million
D) 10 million

Correct Answer:

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