For each scenario, use the quantity equation to solve for the missing variable.

a) M = $300

V = ?

P = 2

Y = $1,200

b) M = ?

V = 7.3

P = 1.9

Y = $10,000

c) Money supply: $16.2 (trillion)

Velocity: 1.9

Price level: ?

Real GDP: $10 (trillion)