The market demand for cars is P = 1000 - Q and the supply is P = 100 + 2Q. A quota of 150 units will:
A) cause price to fall by 100.
B) cause quantity demanded to fall by 200.
C) cause quantity demanded to fall by 150.
D) cause price to fall by 200.
Correct Answer:
Verified
Q27: If the demand curve in an increasing
Q28: Suppose the market demand for cigarettes is:
Q29: If the demand curve in a constant
Q30: A per unit tax usually:
A)decreases the equilibrium
Q31: Suppose that the demand for labour is
Q33: The market demand curve shifts when:
A)there is
Q34: Rent control:
A)involve only a transfer of wealth
Q35: If the demand curve in an increasing
Q36: Queues of customers:
A)suggest that prices are too
Q37: A per unit tax increases the equilibrium
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents