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Suppose the demand equation for televisions is Qd = 900 - P + 0.1I , and the supply equation is Qs = 100 + 0.5

Suppose the demand equation for televisions isQd = 900 - P + 0.1I, and the supply equation isQs = 100 + 0.5 P, wherePis the market price, andIis the income. When the income is $1000, The equilibrium quantity is ______.

  • A.600
  • B.300
  • C.400
  • D.100

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