Consider a demand curve represented by P = 100 - 2q, where P is price and q is the quantity demanded.What is the price when the quantity demanded is 20?
A)100
B)80
C)60
D)40
E)20

Name: Consider a demand curve represented by P = 100 - 2q, where P is price and q is the quantity demanded.What is the price when the quantity demanded is 20? A)100 B)80 C)60 D)40 E)20
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Question

Quizplus · Accepted Answer

To find the price when the quantity demanded is 20, substitute q = 20 into the demand curve equation: P = 100 - 2(20) = 100 - 40 = 60.

Consider a Demand Curve Represented by P = 100 -