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Use the following information to answer the next eight questions. Market for used cars: Demand: Qd=154,000-86P Supply: Qs=-100+14P What would be the quantity supplied if
Use the following information to answer the next eight questions.
Market for used cars:
Demand: Qd=154,000-86P
Supply: Qs=-100+14P
What would be the quantity supplied if a price floor is set at $1,000?
a.) 1,541
b.) 13,900
c.) 100
d.) 21,474
e.) 154,100
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