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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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