Question
A pizza restaurant in Buffalo has demand given by P = 50 - 2Qd.Which of the following is correct? (Drawing the demand curve will be
A pizza restaurant in Buffalo has demand given by P = 50 - 2Qd.Which of the following is correct? (Drawing the demand curve will be helpful for answering this question)
a.The quantity demanded is 20 when the price is 20.
b.The highest price any consumer is willing to pay for the 5th slice of pizza is 30.
c.The vertical intercept of the demand curve is 25, at which the quantity demanded is zero.
d.The horizontal intercept of the demand curve is 25, which indicates the quantity demanded at a price of zero.
Given the following data, how many discouraged workers could there be?
Total population: 26.9 million.
Working age population: 22.1 million.
Number of unemployed: 3.8 million.
Number of employed: 15.6: million.
a.3 million
b.5 million
c.4 million
d.2 million
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