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Suppose There Are 100 Consumers in the Computer Speaker Market

Question 91

Multiple Choice

Suppose there are 100 consumers in the computer speaker market, each with an identical demand curve given by Qi = 10 - 0.1P, where P is the price per pair of speakers and Qi measures the quantity demanded of computer speakers by each person. The market supply for computer speakers is given by QS = 20P - 200. The equilibrium quantity in the computer speaker market is ____.


A) 40
B) 100
C) 300
D) 600

Correct Answer:

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