Use the following information to answer the following questions.
Market for a new hardcover book:
Demand: Q d = 325 - 8P
Supply: Q s = -60 + 3P
-What would be the quantity demanded if a price ceiling is set at $20?
A) 90
B) 45
C) 265
D) 165
E) 305

Question

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The Answer of Use the following information to answer the following questions.
Market for a new hardcover book:
Demand: Q d = 325 - 8P
Supply: Q s = -60 + 3P
-What would be the quantity demanded if a price ceiling is set at $20?
A) 90
B) 45
C) 265
D) 165
E) 305

Use the Following Information to Answer the Following Questions