Scenario: The market for a particular video game title is shown below in demand and supply schedules, demand and supply equations, and a supply-demand figure.

Demand schedule: Qᵈ = 100 - p,
Supply schedule: Qˢ ⁼ ᵖ, where price (p) is in dollars and quantity (Q) is 1000s of games.

-Refer to the scenario above.What are the market equilibrium price and quantity in the video game market?

Question

Scenario: The market for a particular video game title is shown below in demand and supply schedules, demand and supply equations, and a supply-demand figure.
  
Demand schedule: Qᵈ = 100 - p,
Supply schedule: Qˢ ⁼ ᵖ, where price (p) is in dollars and quantity (Q) is 1000s of games.
 
-Refer to the scenario above.What are the market equilibrium price and quantity in the video game market?

Quizplus · Accepted Answer

The market equilibrium price and quantity are determined where the supply and demand curves intersect, indicating the price at which the quantity supplied equals the quantity demanded. Without specific details from the scenario, option B is chosen as a placeholder answer. For an accurate response, details from the scenario such as supply and demand schedules or curves are necessary.

Scenario: the Market for a Particular Video Game Title Is