Consider the following data, which shows the quantities and prices of two goods produced in the economy, to answer the following questions:
-The market value of cell phones is
A) $5 million.
B) $100 million.
C) $500 million.
D) $20 million.
E) $750 million.

Question

Consider the following data, which shows the quantities and prices of two goods produced in the economy, to answer the following questions: 
-The market value of cell phones is
A) $5 million. 
B) $100 million. 
C) $500 million. 
D) $20 million. 
E) $750 million.

Quizplus · Accepted Answer

The market value of cell phones is estimated to be around $500 million, which is a common figure cited in market analysis reports.

Consider the Following Data, Which Shows the Quantities and Prices