The demand for a product is given by Q = 600 - 30P. At P = $15, the firm sells:
A) 100 units.
B) 150 units.
C) 300 units.
D) 450 units.
E) 600 units.

Name: The demand for a product is given by Q = 600 - 30P. At P = $15, the firm sells: A) 100 units. B) 150 units. C) 300 units. D) 450 units. E) 600 units.
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Question

Quizplus · Accepted Answer

Substitute P = $15 into the demand equation: Q = 600 - 30($15) = 150 units. Therefore, the firm sells 150 units at $15 per unit.

The Demand for a Product Is Given by Q =