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16 January, 08:23

A. what will be the quantity demanded at $150 per game console? quantity demanded: game consoles

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  1. A
    16 January, 11:08
    0
    The answer is 13500$.

    Explanation:

    a) at P = 150$, Qd = 80.

    b) at P = 150, Qs = 20.

    c) produce surplus = 1/2 x 20 x (150 - 100)

    = 500$.

    d) at equilibrium, P = 250 $

    = 1/2 x 60 x (550 - 100)

    = 13500$.
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