Given the equation: quantity of good X = 280 - 40 (price of good X), the quantity of good X would be zero if its price were:
A) $5.00.
B) $7.00.
C) $35.00.
D) not enough information to answer the question.

Question

Quizplus · Accepted Answer

To find when the quantity of good X is zero, set the equation to zero: 0 = 280 - 40(price of good X). Solving for the price gives price = 280/40 = $7.00.

Given the Equation: Quantity of Good X = 280 -