Use the following information to answer the next 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) 153,900

Question

Use the following information to answer the next 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) 153,900

Quizplus · Accepted Answer

The Answer of Use the following information to answer the next 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) 153,900

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