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Exhibit 3-8  Demand and Supply Data for Video Games

Question 147

Multiple Choice

Exhibit 3-8  Demand and Supply Data for Video Games

Price

Quantity Demanded

of Video Games

Quantity Supplied

of Video Games

$75

400

900

70

450

850

65

500

800

60

550

750

55

600

700

50

650

650

45

700

600

40

750

550


-In Exhibit 3-8, the equilibrium market price in this video game market would be:


A) $65
B) $60
C) $55
D) $50

Correct Answer:

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