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You know that there are 500 consumers with the following demand function: q=200-2p and 250 consumers with the following demand function: q4600-3p. How much is the quantity demanded at a price of 120 and at a price of 80? Your answer is incorrect (See correct answer below) 60.000 at p=120 and 110,000 at p=80 O 40,000 at p=120 and 110,000 at p=80 O 60.000 at p=120 and 90.000 at p=80 O 40.000 at p=120 and 90.000 at p=80

You know that there are 500 consumers with the following demand function: q=200-2p and 250 consumers with the following demand function: q4600-3p. How much is the quantity demanded at a price of 120 and at a price of 80? Your answer is incorrect (See correct answer below) 60.000 at p=120 and 110,000 at p=80 O 40,000 at p=120 and 110,000 at p=80 O 60.000 at p=120 and 90.000 at p=80 O 40.000 at p=120 and 90.000 at p=80

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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You know that there are 500 consumers with the following demand function: q = 200 the quantity demanded at a price of 120 and at a price of 80? Your answer is incorrect (See correct answer below) 60.000 at p=120 and 110,000 at p=80 O 40,000 at p=120 and 110,000 at p=80 O 60.000 at p=120 and 90.000 at p=80 O 40.000 at p=120 and 90.000 at p=80 - 2p and 250 consumers with the following demand function: q = 600 - 3p. How much is
Transcribed Image Text:You know that there are 500 consumers with the following demand function: q = 200 the quantity demanded at a price of 120 and at a price of 80? Your answer is incorrect (See correct answer below) 60.000 at p=120 and 110,000 at p=80 O 40,000 at p=120 and 110,000 at p=80 O 60.000 at p=120 and 90.000 at p=80 O 40.000 at p=120 and 90.000 at p=80 - 2p and 250 consumers with the following demand function: q = 600 - 3p. How much is
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