Use the following information to answer the following questions.
Market for used cars:
Demand: Q d = 154,000 - 86P
Supply: Q s = -100 + 14P
-What would be the equilibrium price for used cars?
A) $100
B) $154,100
C) $21,474
D) $1,541
E) $72

Question

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The Answer of Use the following information to answer the following questions.
Market for used cars:
Demand: Q d = 154,000 - 86P
Supply: Q s = -100 + 14P
-What would be the equilibrium price for used cars?
A) $100
B) $154,100
C) $21,474
D) $1,541
E) $72

Use the Following Information to Answer the Following Questions